Daily Forecast – Share Market – December 16th, 2020

Market may look for New Levels | Enjoy Wave with stop-loss

Mercury is in lead with Sun and well supported by Mars, Ketu, Venus with Saturn. This Mercury is close to total combustion. Indications are clear that foreign cues may remain charging local market, these markets may be showing positive movements/recovery.

As mentioned in my previous report that buying at lower levels, with patience, now market will be trading in positive mood, looking for new levels or better to say crossing the previous levels.

Market may try to jump for 13700 (if it happens, I will not be surprised)

Banks, financial institutions, automobile (almost all segments), automobile tyres, ancillaries, infrastructure, leather, textiles, sugar, alcohol, fashion products, FMCG, defence, cotton, communication and entertainment instruments, electronics and electricals etc. may remain active and give direction to the market.

Petroleum and insurance may also be showing movements.

Trade and enjoy the wave, if any. Mood of the market is positive.

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.