Daily Forecast – Share Market – January 29th, 2018

Nifty may trade within the range of (+/-) 60 points | Positive opening possible

Moon is leading the day with support of Rahu, Mercury, Jupiter, Sun, Saturn and Ketu. Global cues may be decent. Local issues will be important. Budget and Lunar eclipse is ahead. Certainly, market may show volatility during the day. Emotions are positive, but we may see pressure at any moment. Rahu and Ketu both are active. Possibly it may show range bound trade.

Communication, media, IT, travels and tourism, transport (all surfaces), logistics, defence related segments, agriculture, vehicle, health sector, Pharmaceuticals and agriculture produces etc. Paper, Textiles, leather, FMCG, Alcohol and related segments may be active during the day.

Power, renewable energy, Petroleum, insurance and related segments may remain active. FMCG, Leaf based products, dairy and linked segments, synthetic, silk with Bio-med etc. can show movements.

Overall day may remain active with some consolidation and profit bookings.

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.