Daily Forecast – Share Market – December 21st, 2023

Weak emotions possible | Volatility expected

Opportunities in coming period

Mercury (combust and retrograde) with Ketu leads the day, well supported by Mars, Jupiter (Rx) and Ketu. Since, Moon is in the axis of Rahu/Ketu so depression may be seen in emotions of the market. That means that Opening can be gap down or selling on upper levels possible. But opportunities at lower levels also possible.

Nifty may plan to test 21100, but recovery also possible from lower levels. Volatility possible. Weak steps possible.

Crude oil may remain around 80 USD. US is shaky, which may give impact not only on our market but also to other global markets. Hence, foreign cues may be playing key role during the day.

Politically we may see further issues in India. But these steps may give strength to the unity of opposition parties.

That means elections of 2024 may be going towards bit interesting mode. Stock market will be influenced accordingly.

All the segments may remain active. Volatility is possible. Watch with care oil exploration companies, textiles, pharmaceuticals, healthcare, Pathology laboratories, alcohol, spirit, gases, chemicals, defence, electronic chips or equipment, communication instruments, watch for opportunities – IT, communication, travels and leaf based segment, banks, financial institutions, power, rubber, automobile and related ancillaries including tyre, and many more may remain active on either side of the movements.

Nifty may show some pressure. Volatility possible. Look for opportunities in coming period.

Indian Currency

Indian Rupee may trade in between 82.70 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.