Daily Forecast – Share Market – January 2nd, 2017

Opening with pressure | Volatility expected | Nifty may trade 8125 to 8225  

Week is heavily influenced by Mars, Rahu and Ketu strongly and Mercury retrograde will be slowing down its speed for us and will start direct transit from 08-01-2017. Week may show hectic movements. Market may try to be around same value of 19/20-12-2016, as mentioned earlier in my posts.

First day of the year 2017 may show some pressure or volatility due to influence of Ketu and Rahu.

I feel that movements can be seen in Electrical, electronics, Cotton, bacteria related, chemicals, garments, silk and spirit and alcohol related segments.

Government and announcements from banks may give some direction in coming days. I will like to be safe for infrastructure, power and related segments. But look for the opportunity at lower rates in IT, communication, aviation etc. at least for short term level.

Trade with strict stop loss on either side.

Indian Currency

Indian Rupee may trade in between 67.50 to 68.30 per USD.

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