Daily Forecast – Share Market – January 30th, 2017

Profit Bookings expected | Mid-caps, Small-caps may be better with banks

Rahu and Ketu are in lead, with support of Moon, Venus, Saturn, Mars and Jupiter. Indications are that market may show some changes during the day. But importantly other planets are also supporting this day.

I feel that market may show some profit bookings. Even then there are many segments which may show movements. Banks are comfortable.

I will like to be watchful for IT, communication and media. Spirit and alcohol etc. are doing better with petroleum and crude etc. Financial institutions are doing better.

Engineering, electronics and electrical equipment may be doing better. Defence and textiles, cotton and garments are also doing some movements.

It will be wise to be careful for next 2-3 days.

Indian Currency

Indian Rupee may trade in between 67.60 to 68.40 per USD.

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