Daily Forecast – Share Market – December 19th, 2023

Nifty may show consolidation | Wait and watch | Rangebound trade

Ketu, Mercury with Jupiter are leading the day, well supported by Mars, and Rahu. Indications are that Ketu with two retrograde planet is leading the day. Ups and downs expected not only in the market but globally somewhere natural calamity or natures Utha-patak also expected from past 12 hours to next 24 hours.

Trimming on upper levels also possible. But in between buying from lower also possible, but it will be better to watch with care and then go for the trade. Banks of lord is supporting own house of banks and financial institutions. I agree that ups and downs in this banking segment is also possible, because of retrograde lord.

Watch with care sea related segments, including shipping, naval related, petroleum, crude oil, oil exploration companies may be doing well. Defence for long term may be better, along with IT, sugar, insurance, and many more of good companies.

Nifty may trade in range bound way. Reason is few factors are pulling down the market, whereas lord of share market and banks is trying to hold the banking and financial segments, so market is trying to hold the levels.

Trade with nerves. Watch, if required then trade (for casual traders).

Indian Currency

Indian Rupee may trade in between 82.60 to 83.50 per USD.

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