Daily Forecast – Share Market – January 14th, 2021

Nifty may look to Hold 14625 | Activities in Mid-caps and small caps possible

Sun has moved in Capricorn sign, with Moon, Mercury, Jupiter and Saturn, forming Panchgrahi grah, in the house of Judiciary, mainly influencing neighbouring/IT, communication, logistics, entertainment etc. areas. Activities related to that can be seen, at the same time Judiciary may play some important role during the period.

Moon with Sun and Ketu is leading the day, well supported by Mars + Mercury. Indications for the entire horoscope is that all the planets are active on date (directly or indirectly). Hence, movements can be seen in various areas. Possibility of impact from foreign cues can not be ignored, but role of financial institutions will be really important.

Movements in mid-caps, small caps can be seen during the day along with other segments. Keep a watch on Automobile, leaf-based, communication, IT, logistics, Hotel and web-based areas (various). It will be better to look forward for communication and entertainment instruments.

Defence, metals, mining, biotech based segments, laboratories, banks and financial, insurance institutions, crude may face less buyers, which may react to fall in prices, indicating impact on Petroleum may be doing bit better.

Currency (INR) may show some improvements.

Nifty looking to hold 14600 levels. Opportunities on dip can be better during the day (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.