Daily Forecast – Share Market – December 29th, 2023 Nifty may clime towards 21850 | Show indications for 22000 in 2024 Wishing you happy last working day of 2023 Ketu, Mercury with Saturn are leading the day, well supported by Mars and Rahu. Indications are clear that market is still looking again positive and may show indications for the levels close to 22000 of Nifty. Now point is that before entering in 22000 of Nifty, will market show some profit booking or may enter directly? I feel for a while Nifty may knock the door of 22000 in 2024. Now we are entering in election second last quarter or last quarter (for India) and election year in US. That means 2024 may be showing some ups and downs. US market may show rate cuts for Interest. Profit bookings on upper levels will not be a surprise. For India, we must be watchful with our steps while giving extra-ordinary financial support for election purpose, otherwise steep rise in debts may increase. Good financial planning for supporting the weaker section. Dips Nifty for 19600 may give an opportunity to buy but stop-loss at this level will be better. Banks may not be supportive, so chances may give some profit bookings on upper levels. Lord of foreign cues may give some ups and downs in banks and financial services. Crude oil may show some pressure and may remain within the range of 75-77 […]

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