Daily Forecast – Share Market – January 9th, 2018

Mood is Positive | Nifty may look for Upper levels | Sudden changes possible

Combust Venus, Ketu, Jupiter with Moon, Mars and Mercury are leading the day. Many planets are active, so movement in the market is possible. Mercury will try to protect own house of banks and financial institution (with some hiccups).

Petro-products and related segments may show some movements, Gems, foreign trades (import-export, defence, electronics and electrical, sea related segments, dairy products, dairy products, leaf based segments, FMCG, garments, cotton, silk and pesticides, chemicals, drugs, synthetic, mid-caps and small-caps are looking comfortable or better to say may show movements.

Mercury will try to protect its house of banks, also check sudden statements, which may influence share market in the period of 22 days. But sudden changes may give hiccups (volatility or wave like sea can be observed). It will be better to guard your interests properly.

Nifty may show positive moves, but it will be better to see some profit bookings from upper levels.

Foreign issues will be important and may change the mood of the market in coming period. Look for foreign cues too.

Indian Currency

Indian Rupee may trade in between 63.20 to 64.00 per USD.

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