Daily Forecast – Share Market – January 15th, 2018

Nifty may look to cross 10700 | Positive mood | Political position Important

Ketu in lead with Sun and Jupiter, well supported by Moon and Mercury. Impact on the market is still positive but I feel that market start showing tiredness or profit bookings. I feel that although Planets are indicating movement in the market, but due to changes in planetary position (upcoming), market seems to be cautious.

Mid-caps and small caps may be active, banks, crude and petroleum companies will be interesting. Crude may show impacts on the market in coming period. I feel that market may look for 10700 of Nifty point (+/-20). Market is bit slow. Hiccups in the market can be seen. Intraday traders must be watchful.

Lunar eclipse is ahead (15 days away), so any time market may show slide.

Vehicles, automobile, infrastructure, power, Paint, cement, metal related segment, with Petroleum products, banks (ups and down) but positive results, dairy products and shipping, sea, drugs, chemicals and bio-technology related segments, research labs and cotton with silk related segments may show impact on the market.

Overall Mid-caps and small caps may show their movements.

Waves during the week is possible in the market.

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.