Daily Forecast – Share Market – December 28th, 2020

Nifty may Look for 13800 or so| Global cues also Important

Last week of 2020 has come, this year has shown Market is king and can move with own. Again, may give opportunities. Always look for Opportunities but with proper care.

Mercury, Ketu and Sun are leading the day with support of Mars, Venus with Moon. Two important planets are involved in Planetary war, Jupiter is defeated in this war. Lord of the share market and banks/financial institutions is gaining strength, so indicating that market may look for further ahead. It may look for 13800 or so, of Nifty levels.

Possibility of some confusion will not be surprising. Still, I feel that market will be looking for opportunities. Foreign cues will also be important. It will be better to consider such cues or FIIs or both, properly. They can play important role.

Segments like, defence, banks, financial institutions, chemicals, pharmaceuticals, infrastructure, automobile, automobile tyres, automobile ancillary, cements, tiles, sanitary, and many more segments may be doing better.

Keep a watch on textiles, agro-based segments, petroleum based segments may also be seen as active segments. Laboratories with insurance, health related segments may be doing better. Keep a watch for positive moves.

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.