Daily Forecast – Share Market – December 29th, 2020

2020 may give Nifty 14000 | Buy on dips if any | Enjoy

Mars, Venus, Mercury, Sun are leading the day with support of Ketu. The way planets are active, indications are that Market may look for 14000 within the year 2020. Lord of foreign is in own house, hence chances of impact from foreign market/global activities and FIIs will be strong. Lord of share market is also behaving positively, at the same time banks and share market are decent.

Opportunities in IT, communication, logistics etc. can be interesting during the day.

Only point of concern in coming days will be CORONA, because nations are on alert and many nations are on strict lockdown, blocking flights from nations. Encouraging point is Vaccine/medicine which is knocking the doors for rescue.

I believe that on date market will be giving or enjoying healthy day and look for new levels. It seems that movements may look or try for another jump. Heading for 14000 of Nifty.

Movements in Automobile, automobile ancillary/tyres, batteries, Infrastructure, power, reality and related segments. Banks, financial institutions, chemicals, cements, tiles, ceramics, leather, textiles, sugar, defence, metals, electrical and electronic (gadgets also), communication instruments, cotton, FMCG, leaf based segments may give opportunities, Pharmaceuticals, Health related laboratories, and many more segments may remain active with the flow.

Enjoy the day with positive intention. Look for Opportunities in dips.

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.