Daily Forecast – Share Market – December 14th, 2020

First day of week may Open with Positive Node | Stop-loss Important

Mercury is in lead with Sun, well supported by Mars and Saturn. I agree that Mercury is heading for combustion, but Mercury is going strong with Sun. Indications are clear that market may be looking for positive opening. Opportunities may again will be available if any dip. Global cues may not be comfortable due to solar eclipse (tonight).

Nifty may try for 13600 but stop-loss is essential on upper levels and at lower also (-100 of Nifty).

Pfizer’s medicine for COVID19 is getting response from globe. It is also fact that this medicine must be stored at (-70degree C). But still countries are giving approval for first run. This may give boost to the company. And encourage market in coming days. It will be better to go in safe mode for today, because Mercury will be moving in Combustion zone. But total combustion may take some time.

India is also waiting for Local manufacturer of COVID 19 Vaccine within fortnight.

Sugar, Banks, financial institutes, exchanges, fast food, leather, Pharmaceuticals, metals, electronics and electronics, fertilizer in coming period, look forward for new highs on the first day of the week, keep a watch on dairy products, also a watch on upcoming IPOs. It will be interesting for automobile and related areas.

Indian Currency

Indian Rupee may trade in between 73.10 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.