Daily Forecast – Share Market – January 8th, 2019

Nifty may be Around 10800 | Dull opening | Range bound Possible

Venus and Saturn are leading the day with support of Sun, Moon, Mercury, Jupiter and Saturn are leading the day. Seven out of nine planets are active, indicating that all most all the indexes will be showing movements. Nifty may try to be positive and look for upper levels. Or may try to touch previous days levels in both the directions (upper and lower). Three planets can give ups and downs to this market.

Cues from foreign trade may give some impact, but local issues and local cues will be important. Saturn lord of profession/karma of national chart is still under combustion stage, hence unable to give the best, from local and Judiciary (I mean decisions are delayed or pending). Opening of the market may be not very strong or close to previous close (within range of 0.25 on either side -/+).

I will look for opportunities in this market for banks and financial institutions, and in other segments. Reason will be lord of banks and financial institutions is giving back strength to own house, so even after ups and downs, will protect banks and financial institutions too.

Agriculture related segments in coming period like irrigation, fertilizer, tractor, tiller etc. infrastructure, power, metals, vehicles with automobile sector including tyres and ancillary will be doing better.

Textiles may be giving opportunity at lower levels for the coming period with leather.

FMCG with Pharmaceuticals (companies involved in pharmaceuticals and FMCG), bio tech or bio medicine related segments will be doing better. Research and related segments may be under pressure.

Look for opportunities at lower levels for coming period.

Indian Currency

Indian Rupee may trade in between 69.30 to 70.10 per USD.

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