Daily Forecast – Share Market – December 28th, 2023

Nifty may show positive opening | Watch banks | Nifty may look 21700+

Allow the market to settle down

Ketu is controlling the market, whereas well supported by Mars, Rahu, Jupiter, Saturn and Mercury. Market may show rise in the market and may again show some new achievements. Nifty may look for 21700 +. Global cues are supportive. Crude oil may again look below 80 USD.

I agree that lord of share market and banks will be falling in previous sign and house, so may not be supportive. But Ketu alone is capable is giving rise in the market.

Remember, after 11:22 Hrs (IST), lord of share market will start falling in previous sign/house, so changes after this time will not be surprising. So, it will be better to watch the market after this time. Possibly market may go with the wind, so enjoy the trade with stop-loss. Today is the last expiry of 2023. Tomorrow will be last trade for 2023, and market will be preparing to welcome 2024.

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 21700+. Allow the market to sustain. Watch the trade after 11:22 Hrs (IST). Then go with proper emotions. Positions for long may remain better.

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.