Daily Forecast – Share Market – December 12th, 2023

Emotions may remain better | Nifty may look 0.5% or so

Trade wisely

Mercury with Rahu is leading the day, well supported by Mars, Ketu, Venus and Saturn. Importantly. Lord of banks and share market is strong, but slowing down the speed for us, because from tomorrow will start transiting Retrograde (Ulti chaal/Vakri). So, market may show impact from tomorrow, because of this retrograde lord of share market. Other planets will be playing their role, which may give impact accordingly.

On date it seems that market may show positive movements again. Nifty may show 0.5% (or around) movements in the opening session. Banks and financial movements may play important role during this week and coming days. But Rahu may give some sudden movements, may give cause of smile also. But if Rahu is giving – normally it takes back also.

Crude oil may remain close to the previous day.

Production and GDP may show some improvements, which may give some advantage to the market. Economy of US is not as strong as it was earlier. Politically also, they are not strong enough to handle international and economical issues strongly. They have entered in the final year of elections, which may give impact on the global share market in coming period.

Areas like Ups and downs in banks, financial institutions and related segments, sports and education related segments, IT, power, infrastructure, automobile and related segments, watch logistics, defence, defence related communication, defence related aeroplane related areas, space, chemicals, watch with care sugar, textiles and leather, FMCG and related segments may be doing better and many more may involved in the movements of share market.

Emotion of the market is for buy at low and sell on rise may continue again. Even then Nifty may look for 21050 or so.

Indian Currency

Indian Rupee may trade in between 82.90 to 83.80 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.