Daily Forecast – Share Market – January 14th, 2019

Nifty may try to consolidate in between 10725 to 10900

Mercury, Venus, Saturn and Sun are controlling the day with support of Jupiter. I feel impact of crude and petroleum can be seen in global market, which may be giving impact on our market also. Sun is ready to change its sign and has already very close to Ketu, less than one Navmasha distance. Impact on the related segments may not be so decent. Mercury has come out of Planetary war with Saturn, so can be in better phase.

Possibility of upward movements in Crude. Causing impact on Petroleum segments and related products including automobile tyres and paints (in coming period).

Banks may show movements and Textiles, leather, coffee, Tea, with FMCG etc. may remain in movements. I feel may be not high, but still market may try to consolidate within the range of 10750 of Nifty to 10900 levels.

It will be better to look for sugar, infrastructure, Metals, and other related segments like chemicals, Bio-tech based or research related segments may show movements.

Pressure of currency may further give some impact on the market in coming period. Since, Lunar eclipse is ahead, hence market may show some positive or upside movements with a dip.

Indian Currency

Indian Rupee may trade in between 69.80 to 70.80 per USD.

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