Daily Forecast – Share Market – January 7th, 2021

Nifty may Look for 14250 | Foreign cues/FIIs important

Mars, Sun and Ketu are leading the day, well supported by Moon, Venus and Mercury. Foreign cues can play decent role along with the local issues related to budget. This may give recovery from lower levels in the market (I mean from previous day’s levels). That is why it was suggested in the previous report to look for opportunities on dip.

Possibility of market may look for 14250 of Nifty levels. Keep a watch on FIIs movements. I believe that weekly expiry may be accordingly. Next working day may show some volatility.

Crude is rising, where as USD is within control, but this may affect Petroleum based segments in coming period. Keep a watch, because of Production curtain of crude oil by a nation. Hence, keep a watch on Crude oil prices and stocks of oil exploring companies.

Segments like automobile, logistics, banks, financial institutions, reality, infrastructure, cement, tiles, ceramics/sanitary fittings products, chemicals, rubber-based segments, IT, communications, entertainment, space/missiles related segments may be looking better. Keep a watch.

Look for Opportunities for the day. Budget is ahead, hence news based segments will also be showing movements. Keep a watch. Time for traders.

Indian Currency

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.