Daily Forecast – Share Market – January 14th, 2020

Nifty looking for New levels | Enjoy Trade | Look for Opportunities

Venus and Sun are controlling the day with support of Mars, Saturn and Rahu. Venus and Mars are forming wonderful combination with Moon. Saturn is total combust, Mercury is trying to come out of total combustion status. Indications are decent, it will be better to keep a watch on export-import, FIIs and government’s movements. News from or related to coming activities of government will be important.

Budget is fortnight ahead, so news/speculations related to budget may be important. Because Venus lord of the cabinet and Sun lord of parliamentary affairs will be influencing the market. Keep a watch on other political activities, which may give some impact on the government in coming period, and indirect impact may come on the market. Companies strength will be important for the long-term investments for the equities.

Trading purpose, market norms are still positive, may be looking for new levels. Companies related to foreign trades may be doing better.

IT, Leather, Paper, automobile, infrastructure, ceramics, cements and related segments like automobile ancillaries, batteries, and many more. Similarly, entertainment, alcohol, spirit, and related areas, sugar, agriculture equipment etc. may show movements with banks, financial sector. Basically, movements in many segments can be seen.

Crude and currency are improving. Global news may not have bad news, which is better news.

Indian Currency

Indian Rupee may trade in between 70.00 to 71.00 per USD.

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