Nifty Prediction : Profit bookings Possible | Trade with guards both sides

Daily Forecast – Share Market – December 21st, 2020

Profit bookings Possible | Trade with guards both sides

Ketu, Sun with Mercury are leading the day, well supported by Mars, Saturn and Jupiter. Planetary movements are not as impressive as it was earlier, reasons are Jupiter and Saturn are in strong planetary war, Jupiter is loser on date. Mercury is combust but trying to come out from the acute shadow of Sun. So, impact of foreign cues, political issues, and other issues could play role to guide market.

Possibility of Profit booking is possible, hence, trade with guards. This will be one day short business week, festive mood related to Christmas may give some impact on the market.

Automobile, automotive ancillary industries for heavy vehicles, can be doing better along with tyre, batteries, infrastructure, power, cement, chemicals, solvents, acids, pharmaceuticals, defense related, look for opportunities in banks and financial institutions (with patience), IT, communication, entertainment, leaf-based, dairy, and many more related to logistics, e-commerce and like wise segments can be interesting.

Cotton, silk, germs/virus related drugs and research companies will be interesting in coming period. Please look for such segments. Or Bio-technology, can look decent in coming period.

Electricals and electronics, involvement in R&D designing based companies may be interesting in coming period. It will be better to look for such segments, companies.

Trade with guards/stop-loss on both sides.

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.

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