Daily Forecast – Share Market – January 13th, 2021

Nifty may look for 14600 | Buy on dip (if any)

Sun with Moon and Ketu is leading the day, well supported by Mars + Mercury. On date, market seems to move with lazy, but positive emotions. Indicating again buy on dip will be better. Nifty may prepare its mood to look for 14700 in coming period. Today may look for 14600 (Nifty). Foreign cues with local results in comparison to previous financial year, may be indicating for better hope despite of Pandemic year and strict Lockdown, when country was locked.

Interestingly, automobile, automobile ancillary, automobile tyres which were not performing in the previous financial year, had shown satisfactory movements.

There is an old saying that when automobile will show movements, it means, movements are more that’s why requirement for automobile tyres (Giant) and passenger segment will show movements. But importantly, automobile tyres have shown movements because of breaks in import of Chinese tyres. This has given Oxygen to the automobile tyre industry.

Automobile, has shown movements (in comparison to previous bad financial year 2019-20), so giving better indications. Anyways, in the real sense, Infrastructure, IT, communication, web-based services or online services, DTH, with e-commerce, and OTT based entertainment etc. were really active (possibly I might have forgot some segments like Logistics and Banks).

I believe that planets are supportive along with other movements from foreign cues, hence movements in many segments can be seen. Keep a watch on News from Government/agencies.

Many segments like leaf based, IT, communication, Banks, financial institutions, automobile, infrastructure, real-estate, cement, and other fittings related to real-estate etc. may be looking better in movements. Many segments with defence, Pharmaceuticals, virus linked medicines may give further good news in coming period, metals, mining, defence related segments may be looking interesting with logistics et.

Nifty looking better, in any dip look for opportunities. Nifty may look for 14700 in coming period, on date may look for 14600.

Indian Currency

Indian Rupee may trade in between 73.10 to 74.00 per USD.

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