Daily Forecast – Share Market – December 11th, 2020

Nifty may look for New levels |Sudden changes not surprising

Mercury with Sun is leading the day, well supported by Rahu, Mars and Jupiter. Foreign cues may be influencing the market. Pressure on the upper levels is possible. It is also important that on 14-12-2020, solar eclipse on the other side of world may influence their market, which may also give some impact on our market also. Recovery from lower levels, buying is important.

It is also interesting to see upper levels in coming period or on date. Market may show recovery from lower levels. So, trade accordingly. Nifty may look for 13550 or so. Emotions are better, keep a close watch and move accordingly.

Logistics, transport related to all surfaces, Vaccine related to COVID may also be playing role in coming period. Keep a watch on Pharmaceuticals. Also, please keep watch on announcement from Government. Which may give momentum on Aviation, surface transport etc.

Banks, financial institutions, exchange related equities, insurance, Fertilizer, automobile, automobile tyres, ancillary, infrastructure, power, defence, laboratories, non-traditional segments, spirit alcohol etc. may be doing better.

Market is looking for rise, sudden changes are possible. E-commerce, IT may also remain interesting with communication etc.

Indian Currency

Indian Rupee may trade in between 73.30 to 74.10 per USD.

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