Nifty Prediction : Market may show Positive emotions | Ups and downs still possible
Daily Forecast – Share Market – January 1st, 2021
Market may show Positive emotions | Ups and downs still possible
Wishing you a very Happy New Year 2021. I wish market of this year must prove 21 in comparison to 20.
Venus, Sun and Mercury are leading the day, well supported by Saturn, Ketu + Mars. Market seems to be bit lazy, but again looking for holding levels of 14000 of Nifty. Companies as on date are giving positive indications. But now, it will be in comparison to the Previous levels, which may still look on the lower side. Economic growth of Urban area is not as good as it should be, but rural area has grown (economically) which is supporting market’s consumption theory.
I believe that in 2021, possibly we may see big volatility also.
That is why consumptions related to rural area has grown up, Tractors, two wheelers and other domestic consumption products. Income of Urban area (common man – employed in companies) is not encouraging. No increments, and many have lost their jobs, poor bargaining power for new opportunities.
Importantly, this year FIIs have played big role in our local stock market. Which gave strong growth after March 24th, 2020 slide in the market.
Infrastructure, automobile, Pharmaceuticals, Petroleum, real estate, chemicals, and many more segments are active. Many global markets are closed because of new year. So, impact of foreign cues may not be much strong.
Keep a watch on Banks and financial institutions with Insurance during this year.
Emotions are positive, but possibility of ups and downs can not be ruled out. Trade with care in this positive mood of the market. We must watch for good equities at economical rates in coming period. Also, learning of booking of Profit is very important in this trade.
Indian Rupee may trade in between 72.90 to 73.70 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market