Daily Forecast – Share Market – December 18th, 2023

Nifty may look for 21500 | Profit booking / Consolidation on upper levels

Ketu, Rahu with Mercury (Retrograde) are leading the day, well supported by Mars and Jupiter (Retrograde). Planetary position is strong. Only point is two important planets are transiting retrograde. Whereas Rahu and Ketu are in important position, and ma try to surprise the movements or show volatility or sudden movements. So, it will be better to trade with the wind.

Nifty may try to look for 21500. But sell on the upper levels also possible. Slow movements or cautious moves possible.

Segments like space related, communication, banks and financial institutions (watch the movements and then enter in the trade), defence, segments related to exploring from earth, IT, metals, electrical, electronic, insurance, crude oil exploration, Pharmaceuticals, sports, education, publications, sugar, and many more may remain active.

INR may show some improvement against USD.

Nifty may look for 21500. Consolidation/profit booking/trimming on upper levels possible.

Indian Currency

Indian Rupee may trade in between 82.50 to 83.40 per USD.

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