Nifty Prediction : Profit booking not surprising | Keep a watch on foreign cues

Daily Forecast – Share Market – December 10th, 2020

Profit booking not surprising | Keep a watch on foreign cues

Mercury, Sun with Mars leads the day and well supported by Moon and Jupiter. Indications from local market is comfortable, although importance of Geo-political and trade in the market may also play some important role. Importantly, chances of profit booking in during the day after a run-up and foreign cues will not be surprising. Next week lord of share market and banks will be totally combust, which may affect local market.

Pressure of vaccine related to Pandemic is also important. Still, market is positive for vaccine in India.

Planetary position wise our own situation is not down, but trimming, profit bookings are normal after a run for week or so. On 14-12-2020 solar eclipse in US or other part of the world will be seen, so impact on the foreign market is quite possible, indirect impact on our market also.

Keep watch on FIIs also. So, better to look for opportunities at lower levels (but with proper guards).

Transport, IT, automobile, metals, defence, infrastructure, reality related, automobile ancillary, petroleum products, insurance, electrical and electronics, company’s involved in export import. Focus on certain segments can be seen otherwise trade with care.

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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