Nifty Prediction : Nifty trying for 10700 | Possibility of Volatility again

Daily Forecast – Share Market – January 31st, 2019

Nifty trying for 10700 | Possibility of Volatility again

Mercury with Moon in lead for the day, whereas Jupiter, Venus, Sun and Ketu are supporting. Mercury is trying to come out of shadow of Sun, but still within one-degree distance, which is not allowing to give the best of the results. Other planets are trying to help the market. That’s why, even with positive moves, market is in a mood of ups and downs, may be within short range, but pulling legs of the share market.

Market may try to look for upper levels from the lower positions, means may give opportunity at lower levels. I agree that lower levels of politics pre-election indicate dirty politics, but I feel that market is not widely influenced with these statements. But Judiciary and religious activities may hurt the sentiment of the market in coming period. Because this may harm interest of public and possibility of hurting sentiments of market in coming period. So, it will be better to be watchful for the coming period or month.

Otherwise planets will be supporting the trade.

Activities in Banks, financial institutions, leaf based and IT linked with communication and its instruments, entertainment, logistics, transport, Vehicles, automobile batteries, tyres, Lubricants and chemicals, carbon black, infrastructure, realty and cotton, silk, Petroleum (either side), crude, Gold etc. may show some movements on either side. But look for opportunities.

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.

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