Daily Forecast – Share Market – December 15th, 2023

Gap-up possible again | Nifty may show 0.5% or more gains

Mercury with Rahu leads the day, well supported by Sun, Mars, Ketu and Venus. Planetary position is better, because after the retrograde position of the lord of share market and banks have started going upwards (because was facing down trend just previous day of this transit of Ulti chaal). So, for at least 7-8 days we may see positive inclinations (this includes holidays also).

Foreign cues may again give positive indications. That means chances of movements in our market will be better and may look for another 0.5% or so (upside). That means Nifty may look for another 100 points. Possibility of another Gap-up opening. Enjoy the trading. But this does not means that stop-loss can be avoided.

Rahu indicates wave like situation. Confirming Gap-up opening. Crude may remain around 75-77 USD.

Areas like defence, IT, banks, financial institutions, automobile, automobile tyres, automobile ancillaries, wind energy, EV batteries, batteries, paints, cement, reality, infrastructure, Pharmaceuticals (watch), space, defence related aeroplanes, drones and communication, communication instruments, logistics, travel related segments including baggage etc. and many more may remain active in all the caps.

Nifty may look for another 0.5% or so. Gap up expected at opening. Enjoy the trade.

Indian Currency

Indian Rupee may trade in between 82.80 to 83.70 per USD.

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