Daily Forecast – Share Market – January 18th, 2018

Nifty may look for 10940 | Volatility Possible Again

Mercury with Sun and Venus are controlling the day, with support of Moon and Jupiter. Jupiter is moving faster than its normal speed. International market may be influenced due to impact of Lunar eclipse on 20-21 night or 21-0-2019. Crude may show some waves like movements. Which may directly or indirectly influence local market before budget. Coming fortnight will also be influenced with coming budget (may be interim or full). After this influence of upcoming General elections and other political activities.

Impact in banks, financial institutions, insurance, Leaf based segments, IT, Logistics, agriculture and produces of agriculture may be doing some better, with Metals, infrastructure, properties (selected), Batteries, automobile tyres, paints and synthetic segments or synthetic storage etc. Automobile ancillary, automobile lights and manufacturing segment may show some better movements in coming period.

Movements in currency can be seen. Nifty may show some upward movements.

It will be better to buy with a specific period for a while or for long term, be watchful. Only strong equities will be better for long term or mid long term.

Indian Currency

Indian Rupee may trade in between 70.60 to 71.60 per USD.

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