Daily Forecast – Share Market – January 25th, 2018

Nifty may look for 10925 | Sudden changes possible

Mercury with Sun are leading the day, with support of Moon, Jupiter and Venus. Mercury has entered in one navmansha distance of Sun, so possibly may not give best of the results. Other planets are supporting this market and Mercury intend to deliver, may be unable to deliver 100%. Market seems to show recovery from the lower levels and look for 10925 (Nifty levels) or so.

Banks and Bank nifty may show recovery (possibly). But pressure on Monday is possible. Market may show movements in anticipation of governments announcement etc. in coming week. I still believe that volatility is possible during the day. As mentioned in earlier post that market may try to remain within the Nifty range of 10750 to 10950.

Traders can use this range for a while.

Banks, financial institutions, infrastructure, realty, automobile segments, cues from foreign trade will also be helping the trade. But trade war among US and China will time to time give negative impact on the market.

Currency may show some betterment, where as crude may show upward movements in coming period, after a month or so for a month.

Market is also preparing for the coming elections, so shakiness will be seen in next month after budget.

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.