Daily Forecast – Share Market – December 30th, 2020

Nifty looking for new Levels | Ups and downs not surprising

Venus, Sun and Mercury are leading the day, well supported by Rahu, Ketu and Mars. Indications are that market may look for upper levels and ups and downs during the day will not be surprising. Keep a watch on liquidity of the market along with foreign cues. Important point is look for opportunity on dips. Still, I feel that market may look for 14000 of Nifty levels. Ups and downs will not be surprising.

Keep a watch on Political moves also. In coming days Judiciary may play some important role or some important decisions, which may influence market.

Movements in Banks and financial institutions, opportunities in IT, logistics, entertainment, and different surfaces of transport. Automobile, leather, chemicals, leaf-based segments, FMCG, Pharmacy, communication, textiles, alcohol, wines, and non-traditional segments may be looking interesting.

Look for opportunities in e-commerce, entertainment instruments, electrical and electronics etc.

Movements with positive indications, sudden changes not surprising. Trade with strict stop-loss.

Indian Currency

Indian Rupee may trade in between 73.00 to 73.90 per USD.

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