Daily Forecast – Share Market – December 22nd, 2023

Nifty looks positive | Market may look for 0.75% | Again stoploss IMP.

Ketu with Mercury (combust and retrograde) leads the day, well supported by Mars, Rahu and Jupiter (retrograde). Lord of banks and share market is just 1degree and 31 mins. away from Sun, so is totally combust (technically and practically). That means support from this lord may not be as good as it should have been, although is giving direct support to own house of banks and financial institutions.

Despite of Christmas holiday mood, market is showing control towards marching ahead different shades of the market.

Remember today is last working day before Christmas and long weekend. So, watch in the second half, where as lord of share market will be further close to the Sun, so weakness for the share market lord will increase.

That means banks etc. may be moving but not with the pace from which they could have moved. So, look for opportunities for the coming period. Foreign cues and some unknown reasons may be supportive to the market. That means market may look for another 0.75% or so. It may give above 21250 or so for Nifty. But remember, sudden changes will not be a surprise, because combust lord of share market is placed in the house of ups and downs in gains. Either spike on upper side or sudden dip will not be a surprise.

Areas like banks, automobile, IT, electronic chip related segments, power, infrastructure for marine and related segments, communication and space related segments, alcohol, acids, gases, Petroleum related segments, electronic and electrical with entertainment industry, logistics, aviation, travel related segments and Hotel industries, food and their delivery partners, healthcare related laboratories etc. may be doing well and can be seen with many more segments.

Crude may remain stable around 80 USD.

Nifty may show movements of +0.75% or so. Emotions better, despite of sick lord of share market.

Indian Currency

Indian Rupee may trade in between 82.80 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.