Nifty Prediction : Pressure possible | Movement may be low

Daily Forecast – Share Market – January 31st, 2017

Pressure possible | Movement may be low

Market may take some breath after profit booking and will like to be mentally prepared for the Budget day. Because that may give the direction to this market for the coming days.

In fact, market has some expectation from the market due to Demonetization and comfortable situation of banks. Hence, we have seen fast recovery on 25-01-2017.

Pre-budget movements can be seen during the day. Planetary position wise Ketu and Jupiter are in lead with support of other five planets. Indications are that many segments may show movements. Petroleum, fertilizer, agriculture related, infrastructure and housing etc. may be showing movements.

Direct indications for the market may not be seen in coming days. Global cues and government announcements in coming days will be key to the trade and business.

Textiles, engineering, power, automobile tyres and vehicles may show some movements.

Indian Currency

Indian Rupee may trade in between 67.50 to 68.00 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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