Daily Forecast – Share Market – January 15th, 2020

Nifty may be bit conservative | Wait to settle down opening

Sun with Venus & Rahu is holding the key of the day whereas Saturn is supporting them. I feel that possibility of the day – some tiredness can be seen. Midcaps may further show movements. It will be better to wait at the time of beginning of the market and watch, then move.  Sun and Mercury are moved in Capricorn sign. Saturn is combust, Mercury is combust but trying to come out of total combustion status. Moon is forming good link with Venus, indicating that market is still looking forward for the moves by government or related ministry ie. Finance (budget)

Possibility of flat trend. Although automobile, and related segments may be showing some moves, with infrastructure, building materials, automobile tyres etc. Paints and ceramics may look bit motivated.

Time for textiles, leather Pharmaceuticals, healthcare, insurance etc. may be looking better. Still, I will prefer to wait for some time and allow the market to settle down. Market may trade within range of +/- 75 points for nifty.

Discomfort for public or common man may further get importance in the ruling circle. I can recollect Saturn movements on1990-91, when Saturn was in the same transit position (as it is now).

Currency and crude are comfortable as of now.

Trade with wait and watch policy. Enjoy the day.

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.