Daily Forecast – Share Market – January 22nd, 2019

Lazy opening Possible | Nifty may look for 10975

Sun with Mercury are leading the day with support of Jupiter and Venus. Mercury is heading for combustion, and Venus is involved in planetary war with Jupiter. Impact can be seen during the day. Under normal situation, possibility of rising up side of market, but these situations of planets may give focused segments and possibility of ups and downs. Few segments may try to pull up but profit bookings or other reasons may try to pull down the market.

It will be better to say that it’s a tricky situation by n large but focused for banks, financial institution, crude, Petroleum, may be bit tough to balance in between currency and crude + other issues related to common man.

I feel movements in banks, financial institutions, Petroleum and related segments (may be slow or disturbed), Vehicles, automobile, automobile related segments, Battery, sports, education, metals, and many more. Movements (positive may be seen in less segments), but impact on Nifty related segments may be better. Which may help to recover for Nifty. But I am doubtful that Nifty may cross or touch 11000.

Trade with stop-loss. Book Profit as and when required.

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.