Daily Forecast – Share Market – January 6th, 2020

Global Cues Important | Wait and Watch initially

Venus is very strong, with Sun, Mars and Rahu are supporting. Geo-political situation had played very important role in previous working day (US strike). Again, Geo-political situation is tense in middle east area. Panchagrahi yog with the axis of Rahu and Ketu, after solar eclipse, we can expect such events globally (or natural calamity etc.). Planets are not giving negativity but point of concern is geo-political situation.

It will be better to wait and watch for the trading or buying. Let the market settle down on the lower side (if any). Local Political situation is bit tricky. I agree that no issue with the strength of government, but certain issues are giving opportunities to certain segment and so-called leaders to develop disturbance. Rahu is indicating – again verbal exchanges may create disturbances in coming period.

Crude will rise, Lord of the crude oil house of India’s horoscope is protecting own house with proper strength. Five planets are making ‘Uthal-Puthal’ in the house. Banks are getting support from its lord, which is within one Navmasha distance from Sun, hence combustion (total combustion) is very close. Indicating pressure may be on market or trading and banks and financial institution is possible. But still Lord of bank will try to give at least some strength to own house.

I will be looking for automobile segments at available economical rates (equities). Ocean related segments, research and laboratory related segment will be doing better because their lord is now strong and own house, giving protection. Keep a close watch on banking and financial related segments, which may try to drag market bit low. Segments related to IT, communication and entertainment, communication instruments, entertainment instruments etc. may be doing bit better.

Keep a watch on initial trend of the market. Rahu-Ketu axis for Panchgrahi yog and AST Mercury, will be a weaker point for the day.

Trade with watch. Keep a watch on Global cues also.

Indian Currency

Indian Rupee may trade in between 71.00 to 72.00 per USD.

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