Daily Forecast – Share Market – December 31st, 2020

Nifty Looking above 14000 | Volatility is again possible

Last day and last expiry of the year 2020, which gave us a big nosedive and steep rise. Year 2021 is one step away. Wishing you all a “Very Happy New Year in advance”.

Today, Sun, Venus with Mercury is leading the day, well supported by Ketu, Mars and Jupiter. Impact of foreign cues can be seen, but we can not ignore lord of the horoscope Venus in the close degrees of Ketu, and in the axis of Rahu Ketu. Clearly indicating behaviour may be influenced with Rahu and Ketu.

Nifty may look for 14000 within the year. Market may show some ups and downs again, but mood is positive. Momentum of the market is comfortable (seems). US market is maintaining its momentum with some consolidation. Nifty may open close to previous close.

Indian government is looking to give node for emergency use of Vaccine of COVID, meeting was organised for the same.

Automobile, banks, financial institutions, spirit, alcohol, wines, liquor, chemicals, Pharmaceuticals, health care, insurance, petroleum products, sea related segments like shipping or ports etc. may be behaving nicely.

Cement, infrastructure, power, logistics, IT, communication, leaf-based, carbon black, solvents, non-traditional segments, and many more segments may remain active, because directly or indirectly all the planets are active.

In coming period if any big dip is seen, in that case better to wait instead of buying Nifty or indexes. Equity base buying is always good during such dips. I believe Nifty may show movements above 14000. But stop-loss is important on the last working day of year 2020.

Indian Currency

Indian Rupee may trade in between 73.00 to 73.80 per USD.

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