Nifty Prediction : Nifty looking for 13450 or so| Banks interesting

Daily Forecast – Share Market – December 9th, 2020

Nifty looking for 13450 or so| Banks interesting

Sun with Mercury is leading the day with support of Mars and Jupiter. In the later part of the day Moon may also be showing some impact. I feel that emotions of the market may be comfortable as on the date. Foreign cues may also be supportive. FIIs are/may also be playing important role in the movement of the market.

Market is looking to touch new levels in the coming days. On December 14th, 2020 there will be Solar eclipse but in the other part of the world, so impact of the eclipse can be seen in foreign market or otherwise some impact may also be seen in our market or so.

Banks are close to give some moves in coming period or today itself, which may help to Nifty and market also be influenced. Nifty may be looking for 13450 or so. In case of dip look for opportunities.

IT, Automobile, Banks and financial institutions with defence, metals, cement, tiles, ceramics, reality with infrastructure, automobile ancillary with tyres etc. looking interesting. Research and analytical laboratories are still heading for better moves. Pharmacy, crude, chemicals, solvents with electronics and electrical segments may remain interesting.

Trading with positive emotions can be seen during the day. Keep a watch on IT, communication, entertainment and aviation with logistics.

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.

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