Daily Forecast – Share Market – January 30th, 2019

Buying from Lower levels | Nifty may look for 10700 | Volatility Possible

Mercury (total combust) and Moon are controlling the day with support of Saturn, Ketu, Sun, Venus and Jupiter. Although, lord of banks and financial institutions and share market is weak, unable to deliver best, but other planets are supporting the market, possibly cues from foreign trade may also better to support local market/trade. I hope buying from lower levels possible. Interim budget is around the corner, hence for a while movement in the market for upward can be seen.

Many segments may show movements. Still, banks and financial institutions may take few days’ time to give better results. I will prefer to pick banking and financial institutions at lower levels or better prices.

Cotton, textiles, power, infrastructure, transport (all segments), automobile and related segments (inclusive automobile tyres too), batteries, paints, entertainment/communication instruments with Petroleum, Gas etc.

It will be better to look for opportunities for short term too or for two-three days.

Currency may show some pressure, which may give impact accordingly.

Since, Mercury is total combust so, it will be better to trade with care – because lord of stock market may not be supporting.

Indian Currency

Indian Rupee may trade in between 70.90 to 71.70 per USD.

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