Daily Forecast – Share Market – January 29th, 2019

Trade with care for next 2 days | Pressure possible again | Look for Opportunities

Mercury, Jupiter and Moon are leading the day with support of Sun and Venus. Mercury is within 1 degree to Sun and Venus is in last degrees, hence both are not in a position to give best of the results. Indicating that Lord of banks, financial institutions and share market is weak. Lord of the lead leader is also in last degrees, it will be better to look for opportunities at lower levels.

Possibly, global trade may also not be supportive. Political situation of US-China and other nations may also play some role. Due to elections, new commitments from political parties may further give some pressure to the market.

I agree that entertainment related segments, crude or petroleum may show some movements.

It is difficult to comment on various segments. But Leather may show some shine in coming period, with textiles and FMCG.

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.