Nifty Prediction : Mid-caps and small caps better | Consolidation possible with positive mood 

Daily Forecast – Share Market – January 1st, 2018

Mid-caps and small caps better | Consolidation possible with positive mood 

Venus (combust), Jupiter and Mercury are leading the day with support of Moon, Mars and Ketu. Venus is close to total combust, which means that possibly, market may have to look from own resources than to look for the positive or great announcement from government or agencies.

Possibly some consolidation or profit booking can be seen on upper levels, but mood of the market is positive. I also feel that banks may show some movements. Otherwise banks will be the reason to pull down mood of the market. At the moment, mood is positive even though pressure at any levels is possible.

Banks, financial institutions, sports, education and related fields, electrical and electronics, defence related activities, crude, oil, petroleum, automobile tyres, and related segments may be active and doing better.

We may see movements in Mid-caps and small caps.

Pesticides, silk, garments, FMCG, dairy products, leaf based products, logistics and travels with media may remain active.

Even then due to combust Venus, I will like to be watchful, and possibly some consolidation on upper levels can be seen.

Indian Currency

Indian Rupee may trade in between 63.55 to 64.20 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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