Daily Forecast – Share Market – January 1st, 2020

Enjoy the day | Buying from lower levels possible

Wishing you all a very Happy New Year 2020

Ketu and Venus are still holding strength with Jupiter, Sun, Saturn, Moon and Rahu. Lord of crude oil is still in combustion position but trying to come out of the shadow. Banks and share market lord is inching closer to Sun, heading for combustion position in coming week. Global cues may not be available, but local market may try to recover from lower levels. Seven planets are active, so, chances of movements in mid-caps possible along with other segments.

It may be a holiday mood in the global market, but local is working. Energy may not be like normal day, but being first day of the year, movements may be bit less. That means, volumes may not be so high.

Textiles, leather, automobile, crude, sugar, healthcare, leaf based and IT, communication, entertainment, transport with cotton, electrical and electronics may be showing action.

Still, enjoy the movements of the day on New Year. Wishing you all a very happy New Year.

Indian Currency

Indian Rupee may trade in between 70.70 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.