Daily Forecast – Share Market – December 15th, 2020

Dip is Possible | Opportunities at lower levels | Patience/Stop-loss is Key

Mercury with Sun is leading the day and well supported by Mars and Ketu. As mentioned earlier that impact of Solar eclipse in foreign market can be seen, impact of the same is also possible in our market. Secondly, most active planets like Mercury are very close in the range of total combustion, Sun is in its last degrees and will be changing its sign and house in the late evening of the day. I feel mixed day is possible.

Globally, few nations have imposed lockdown even after launching of vaccine. New impact of fungal infection – extended range of COVID19 is possible or as a part of pandemic.

Cooling off on upper levels will not be surprising, but this may give an opportunity at lower rates or better rates, patience may give opportunities. Banks selectively may be doing better, keep a watch.

Defence, selectively banks or may show movements in banks, wait for better rates if any dip. Indexes like Nifty may also show dip, so keep patience and pick at the better levels for buy on dip.

Automobile, leather, textiles, Pharmaceuticals, cotton, communication instruments, silk, FMCG, e-commerce, IT at better rates (if available), Banks (selectively), automobile tyres (selectively), two wheelers, agriculture based automobile (after trimming).

Look for opportunities at lower levels. Chances of dip or impact of foreign market is quite possible. Trade with Positive mood.

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.