Nifty Prediction : Recovery/Volatility Possible | Current levels (Exit or hold?) | Patience is Key
Daily Forecast – Share Market – December 22nd, 2020
Recovery Volatility Possible | Current levels (Exit or hold?) | Patience is Key
Saturn, Mercury, Ketu and Sun are leading the day with support of Mars. Importantly, Mercury has come out of total combustion, but still within one Navmansha distance, Active Saturn is winner in Planetary war with Jupiter. Foreign cues are important for the day.
Fear of new virous (globally). Fear of quarantine and impact on flights etc. is influencing the market (globally), hopefully developments in the area of medicine will be important. Fear of new strain is important. Next 4-5 months will be important.
Recovery from lower levels possible, but Utha-Patak in Local and Global market will not be surprising in coming period. It will be better to Keep Patience, this period may give opportunities for Profit bookings or in major dip (if any) look for new opportunities at lower levels.
It will be better to keep a watch on global cues/news/movements, before moving ahead.
Possibly, some recovery from lower levels, but will that be sustainable, that is a question mark, but surprises on global economy is possible, market may show some surprises, and further can give opportunities.
It will be better to take all precautions Physically and financially also. It will be thinkable situation on any bounce to exit or not to exit from the positions (current), mostly exit can be seen in the market.
Movements in Automobile, automobile ancillary, Pharmaceuticals, textiles, leather, sugar, agro-automobile, infrastructure, cement, building materials, IT, e-commerce, logistics, banks and financial institutes (opportunities), keep a watch on DIIs etc.
Possibility of recovery from lower levels, possibly this may give opportunity to reconsider your current levels. Trade smartly, during the week.
Indian Rupee may trade in between 73.60 to 74.40 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market