Nifty Prediction : Market with Positive emotions | Look Opportunities on Dips
Daily Forecast – Share Market – January 6th, 2021
Market with Positive emotions | Look Opportunities on Dips
Sun with Ketu is leading the day, well supported by Moon, Mars, Venus and Mercury. Market moving with positive emotions. Reasons can be budget ahead, few segments were truly active during the lock-down period like IT, communication, DTH, OTT, e-commerce, logistics etc. along with Bans. Although, banks might have faced some issues, but they were also active. Pharmacy was lifeline with manufacturer of sanitizers that means alcohol etc. This has given lifeline to sugar industry also.
Anyways, Infrastructure due to floods in many sectors and providing jobs to many in lower segments.
Market is looking for next levels before budget. Importantly, news from the vaccine front is also encouraging for the local market. Bears must take precautions for the current period. I agree that this 2021 may give some ups and downs during the year. But market may give some advantage in the last.
Keep a watch on FIIs and foreign cues also. That may give volatility.
Indian economy during the year may try to look for support from Pharmacy, IT, and defence segments (from foreign markets).
Frequency based period is ahead – means products indicating speed like electricity, IT, electricity-based automobile, electronics, space related (missiles etc.), and like wise segments may be looking interesting during the year. Web based market like e-commerce etc. may be looking decent. Automobile, tyres (due to no import or less import), Pharmacy and health related segments may be looking decent in the year.
On date, banks, automobile, IT, Pharmacy, automobile ancillary, logistics, sugar, health related segments, laboratories, defence related segments may remain interesting. Enjoy Liquidity in the market. Still, Opportunities on dips should be looked.
Enjoy the wave and look for better chances and levels.
Indian Rupee may trade in between 72.80 to 73.60 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