Daily Forecast – Share Market – January 12th, 2021

Sensex may look for 50000 | Dips may give Opportunities

Sun, Moon and Ketu are leading the day, with support of Venus, Mars and Mercury. Indications from foreign cues may play some important role during the day. At the same time, planetary position for the market is still nice and may give a look for 50000 for Sensex levels and Nifty may look for 14500+ levels. Planets like Saturn is now combust, this may give some impact on the market. Possibly market may show some tiredness. Keep a watch on Foreign cues also.

It will be better to buy on dips. Keep a watch on Banks and look for opportunities in banks like HDFC, ICICI etc.

Still chances of some profit bookings after a long runup. I agree that other planets are supporting the market but chances of tiredness possible.

Automobile, IT, communication, announcement for COVID vaccine by PM, rubber, leaf-based, automobile tyres, ancillary, infrastructure, Petroleum exploring companies, defence, space related segments, Pharmacy, chemicals, solvents, and many more segments, like logistics, FMCG etc. may be looking active.

Emotion of the market is still positive, budget is ahead, Nifty may look for 14500 but look for Opportunities in dip (traders).

Indian Currency

Indian Rupee may trade in between 73.30 to 74.10 per USD.

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