Daily Forecast – Share Market – December 8th, 2020

Nifty may Look for New levels | Buy on dip (if any) I Trimming Possible

Mercury with Sun is leading the day, well supported by Mars, Saturn, Jupiter and Venus. Only Moon is not directly active, otherwise all the planets are active. So, momentum can be seen in the market may be on either side or again with better emotions. Although, foreign cues and local issues, political situation may play some role to disturb momentum. Trimming on upper levels is also possible. Nifty may look for 13425 or so. Keep a watch on Judiciary in coming period.

Regarding Pandemic, important period may start after 20-12-2020, when Jupiter will be at the same degrees of Saturn and crossing Saturn. March, 2020 it had not worked for economical purpose, may be because Jupiter had started transiting retrograde and fallen back to Sagittarius. Now, I wish that such slide in economy should not be seen. But, better to play with guards.

Medicines will be knocking the door, which may be encouraging for the future coming period. But spread of COVID, due to agitations or likewise activities will not be surprising.

Banks, financial institutes, FMCG, metals, automobiles, agro-based segments, chemicals, pharmaceuticals, textiles, leather, automobile tyres, automobile batteries, housing and related areas may remain active. But it is better to say that almost all the segments may be showing movements in either of the direction.

Trade for new levels, look for opportunities at lower levels (if any). If dip in the market is seen then look for opportunities.

Indian Currency

Indian Rupee may trade in between 73.20 to 74.00 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.