Daily Forecast – Share Market – December 23rd, 2020

13500 possible with volatility | Second half important

Mercury, Sun with Ketu are leading the day with support of Saturn and Mars. Importance of foreign cues will again be seen during the day, because Mercury is in shadow, although coming out of total combustion. Jupiter is still defeated in planetary war with Saturn. Mars is in the last degrees of the sign, ready to change in Aries. So, overall planetary position is not so strong for the day, secondly, tomorrow will be last working the week, so cautious movements will not be surprising.

COVID strain is surprising for the world, it is also said that vaccine will be effective for the new strain also.

Ketu can play important role, so wait to break 13510 or so, if leads above then can give next range. Volatility will also be not surprising. Trade with patience, I believe, lord of share market and banks may get better strength in the second half, so movements in the second half of the day will be interesting and move accordingly.

Movements in many segments can be seen, banks, financial institutions, automobile, automobile tyres, infrastructure, cements, Paper, textiles, engineering, automobile ancillaries, electricals, new sources of energies, transport, IT, communication, entertainment, Cotton, communication instruments, entertainment instruments etc. may be showing movements.

Trade with stop-loss on both sides. Nifty may look for 13500 or so and show some dip. Volatile market movements not surprising. Keep a watch on FIIs.

Indian Currency

Indian Rupee may trade in between 73.60 to 74.50 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.