Nifty Prediction : Nifty looking for 14100 | Buy on dip (for a while) | Stop-loss imp.
Daily Forecast – Share Market – January 4th, 2021
Nifty looking for 14100 | Buy on dip (for a while) | Stop-loss imp.
Sun, Ketu with Venus is leading the day, well supported by Mercury and Mars. Importantly, Mahadasha of India is Moon and anterdasha is Saturn, indications are that IT, communication, Logistics, transport, Hotel, Entertainment based on web, e-commerce, defence, Judiciary and karma will be important for the Year. After this period again fast moving segments like IT, Logistics, electricity based automobile or like wise segments may remain attractive during the year.
Again many planet will be activating Judiciary, border, IT, communication, logistics, Pharmaceuticals, chemicals, entertainment based on web, may remain attractive with automobile (again with speed). Keep a watch on real estate, infrastructure, and related segments during the coming period of the year.
Ups and down in the year are quite possible (this may give strong volatility, sudden dips strong possible), trade accordingly, Long term investors can look for opportunities during the period for equities like banking, IT, communication, logistics, automobile, and like wise strong segments like FMCG, fast foods etc. and do not ignore Pharmaceuticals with R&D based companies.
On date, market seems to maintain the levels of 14000 of Nifty or try to move close to 14100. Keep a watch on news-based segments like Budget etc. (for traders).
Buy on dip will be better for a while.
Rural based automobile, two-wheeler, IT, defence, electronics, real-estate, infrastructure, FMCG, e-commerce related segments may remain interesting. Keep a watch on automobile and automobile tyres, because of demand and supply in the market during the year. Imported tyres are now not much in the market.
Moon Mahadasha of nation indicates for Silver related or likewise metals – steel etc. may remain interesting. Keep a watch. Agriculture will also be interesting during the year.
Nifty looking for better levels in coming levels. But be prepared for consolidation in the coming period also.
Indian Rupee may trade in between 72.80 to 73.60 per USD.
Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market