Nifty Prediction – Looking for New levels | Nifty Preparing for 14700+

Daily Forecast – Share Market – January 21st, 2021

Looking for New levels | Nifty Preparing for 14700+

Ketu, Mars with Sun is leading the day, well supported by Moon, Mercury and Venus. All planets are in Kalsarp yog, that’s why ups and downs in various areas are seen, Lord of Judiciary is in the same navmansha of Sun, hence Judiciary is not giving any final verdict, religious activities are also, in different direction and affecting entertainment related issues. Jupiter is also combust and heading for the total combustion in coming week.

Foreign cues may remain cause of positive guidance, apart from Last day of weekly expiry, so little bit of Profit booking to “Banati hai”. Impact of foreign cues may remain positive. Point is ‘Will this market hold 14700 + closing’. I believe that market is looking forward during the day.

After changing Presidential ship in US, market of that nation may feel for stability. This may give impact China market in coming days, hence may give impact in local also in the months to follow.

Interesting areas may be funds in the market floating by Institutions (FIIs and DIIs). Space and communication instruments linking to Aviation and shipping instruments manufactures may looking interesting for the day. Cement, banks, financial organisations, insurance (considering that COVID19 claims during the year, but other issues were less), retail industry, FMCG, electrical and electronics etc. may be doing well, cotton, virus related Pharmacy, Pharmacy, defence, dairy, chemicals, housing fittings and fixtures, real-estate, IT, web and communication will be better even for long run (buy on dip).

Ultimately market looking positive for 14700 or so of Nifty. Trade and enjoy the day.

Indian Currency

Indian Rupee may trade in between 72.60 to 73.40 per USD.

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

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