Nifty Prediction : Pressure Possible | Look for opportunities at lower levels
Daily Forecast – Share Market – January 23rd, 2019
Pressure Possible | Look for opportunities at lower levels
Sun and Mercury are leading the day with support of Ketu, Venus and Jupiter. Jupiter and Venus are still involved in planetary war, Jupiter is winner and Venus, lagna lord is defeated in planetary war. Impact can be seen during the day. Crude and currency may give some impact to the market. Geo-political and trade situations are also giving impact on the market. Or we can say that after impact of the Lunar eclipse may still to continue from previous day. Impact of foreign trades can be seen during our market session. So, Pressure or further consolidation or Profit bookings will not be surprising.
Movements in IT, communication, transport, entertainment, banks and financial institutions may be possible but on either side. Automobile and related segments, with Petroleum etc. may be uncomfortable. But Opportunities may be possible at lower levels. Trade war and other negative aspects may give some impact during the day.
Communication instruments, cotton, silk with currency may show some upper movements.
After effects of Lunar eclipse gives some profit bookings (normally). So, trade with care. Secondly Mercury has moved in the shadow of Sun, hence market may remain bit under pressure, even for few more coming days.
Indian Rupee may trade in between 70.80 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.
Categories: Share Market