Daily Forecast – Share Market – December 24th, 2020

Nifty may look for 13700 or so | Dip gives Opportunity |Enjoy Weekend

Ketu with Sun and Mercury is leading the day, well supported by Mars and Saturn. Importantly, Mercury has come out of total combustion, but still combust. We can say, lord of the banks and share market is now better placed and moving ahead. Lord of foreign lands/cues is moving in its own house, at 10:20 Hrs (IST). That means importance of foreign cues will be now more important. Strength of Ketu will be more now. Planetary war between Jupiter and Saturn is on, Jupiter is down.

Today is the last working day for the week, after that weekend because of Christmas holiday.

Traders can book profits on upper levels before close. Nifty may look for 13700, but chances of dip is not surprising. Avail opportunity on dips. Investors can look for better companies in big dip, whenever it will come.

I feel that market may be moving towards upper levels. Movements in defence, electrical and electronics, segments involved in space related activities, communication, communication instruments, entertainment etc. will be better. Keep a watch on financial institutions, banks, and likewise segments.

Pharmaceuticals, agriculture related automobile, automobile, automobile ancillary, Hotel and restaurant, but be watchful for long term basis.

Keep a watch on FIIs, this is important. Little bit of Volatility possible. I feel market has positive sentiment for the day and expiry of the week. Enjoy trading.

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.