Daily Forecast – Share Market – January 22nd, 2018

Positive mood may continue | Volatility Expected

Jupiter and Moon are leading the day with support of Sun, Venus, Ketu, Mercury and Saturn. Seven planets are active. Because of banks, market may remain positive. One point for the week is important that week has only four working days. Hence, trading means a lot in the long week end. Next week has Lunar eclipse (first eclipse of the year). Hence around this eclipse, we may see sudden changes in the mood of the market. Today, market may further show upward movements. May look for 10940 of Nifty levels. But I will like to trade strictly with care.

Banks, mid-caps and small caps may play their role, so that market may show positive movements. Waves like ocean is also not surprising for me.

Petroleum may be going to be spoil sport in coming days (possibly) due to rise in crude. Leaf, dairy, Banks, financial institutions, bio-chem based products, cotton, agro-products, textiles, paper, fertilizers and infrastructure, power, marketing companies, optical fibre, communication instruments and products related with education segments, automobile industry (including all), excluding products linked with petroleum like automobile tyres and tubes etc.

I am positive, but caution is important.

Indian Currency

Indian Rupee may trade in between 63.30 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.