Daily Forecast – Share Market – December 20th, 2023

Nifty may look for 21500+ | Enjoy the trade | stop-loss Important

Ketu with Mercury leads the day, well supported by Mars, Rahu, Jupiter and Saturn. Market may be influenced with foreign cues, which may remain bit better. Indirectly, entire horoscope is active. Lord of banks and financial institutions is supporting own house, from the place of Ups and downs, gains or loss etc. in the share market etc. The same may give suddenness also.

Remember that this lord gives an opportunity to know/study the depth of our market, banks and political system also. Which may be influencing us financially and as a national of India, in coming time/years. This study will not only give us stability in the trading or investing in share market/companies but also help us to build our nation.

Nifty may show movements of upper side, that means buying from previous levels will be seen and nifty may show another movements of 0.5% or so. Trend of the market may remain almost same till the weekend. Next week we may see changes in the movement of the market. Before this on 21st of December, speed of the market will be slow and next day may remain further slow before the closing.

On date Nifty may further look for 21500+. Trade with the wind.

Crude oil is once again sweeling, because of US. It may trade around 80 USD for the day. INR may hold above 83 against USD.

Areas like all the segments may remain active. Watch with care Pharmaceuticals, health care, leather, textiles, and sugar, whereas banks, financial institutions, infrastructure, automobile, ancillaries, paints, automobile tyres, logistics, defence, space, defence space related, communication instruments, metals, cotton, silk, alcohol, non-traditional segments, look for opportunities in IT and communications (ups and downs expected), chemicals, oxygen and related gases may remain active.

Nifty may look for 21500+. Trade with the pace. Stoploss essential.

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.