Daily Forecast – Share Market – December 27th, 2023

Nifty may look for 21500 | Profit bookings on upper possible

Sudden wave possible on either side

Ketu, Rahu with Mercury are leading the day, well supported by Jupiter and Mars. Lord of banks and share market is falling to previous sign. That means from tomorrow, this will be a falling planet, and may not be in a position to support the market and banks as it was doing. That means momentum for the day may be seen, but as a whole day, possibly at last momentum because of financial institutions may show some dip. This means on the upper levels, profit booking possible.

Importantly, Rahu and Ketu may give rise and sudden changes during the day.

Nifty may look for 21500. Do not rush to buy upside momentum. Stop-loss on upper levels will be better, along with stop-loss at lower levels.

Crude oil may show some upside movements. Possibly may look for above 80-82 USD.

News on orders to the companies may help to the different companies, but for long term, it will be better to read the economics/accounts etc. of particular related company.

Areas like banks and financial institutions (watch before going for long), power, metals, defence (again based on orders), IT watch and move, logistics, transport and travels, communications, news for entertainment may give impact on Jio like companies, chemicals, Pharmaceuticals, healthcare, Laboratories, oil exploration, alcohol, non-traditional segments, and many more may be showing movements. This means possibly midcaps and small caps may be showing movements.

Nifty may look for 21500. Do not chase levels. Stoploss on upper and dower levels will be better. Sudden changes possible.

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.