Daily Forecast – Share Market – December 26th, 2023

Nifty may look for 21400 | Mixed day possible | Foreign issues Key

Last week of 2023

Ketu, Mars with Mercury (retrograde) are leading the day, well supported by Jupiter and Rahu. Eight planets are active, and two important planets Jupiter and Mercury are transiting retrograde. Even then, market may show some positive sign and look forward for 21400 of Nifty levels. Ketu is very strong and supportive, so may give positive touch to the market. Lord of foreign lands is with the lord of lagna of India’s horoscope, both are well charged. This lord of foreign lands may be giving impact on India. So, it will be better to keep a watch on foreign news, trades and others.

Stop-loss will be important. Market may show sudden changes also. So, it will be better to take proper guards for the same, because lord of banks and share market has come on the other side of Sun with Ulti chaal (retrograde). So, chances of Mixed day is possible in general.

Crude may remain around 80 USD, whereas INR is holding its levels above 83 against USD.

Midcaps and small caps may remain interesting. Keep a watch on avail advantage on either side.

Areas like power, Banks, IT, communications, logistics, power, travels and tourism, pharmaceuticals, alcohol, watch sugar related segments including glycol, spirit, non-traditional segments, Defence, metals, electronics and electricals with health-care and related pathology laboratories, space related defence, and many more with cautious moves.

Nifty may look for 21400. Mixed day possible, despite of positive opening. Watch and trade.

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.