Daily Forecast – Share Market – December 18th, 2020

Nifty may look for 13800 | Trade with stop-loss

Sun, Mercury (Combust) and Ketu are leading the day with support of Moon, Saturn and Mars. Indications are clear that cues from foreign market will be comfortable. Local cues are also comfortable. I feel that market may be enjoying the new levels.

Nifty may look for new levels or enjoy the same. Defence, Pharmaceuticals, and other issues related to political points will also be important during the day.

In India COVID19 is in better position, but globally western nations are once again under pressure (increased) of COVID.

Trade with Guards on the new waves. As mentioned in my previous posts for the movements of FIIs, inn the previous market was mainly influenced with their purchasing. Nifty may try for 13800. But it will be better to trade with strict stop-loss.

Movements in defence, cotton, textiles, sugar, agriculture related news, IT, leaf-based segments, communication, entertainment and many more like transport, logistics etc. It will be interesting see all the surfaces of transport.

Chemicals, sea related, petroleum, automobile, dairy products, laboratories, keep a eye on insurance, banks at the better rates.

Nifty seems comfortable, Ketu may play some role, so take precautions also.

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.