Daily Forecast – Share Market – January 17th, 2019

Mood of market Positive | Trimming on Upper levels Possible

Sun with Venus and Rahu are holding key, with support of Mars and Saturn. This Saturn is still in the position of total combustion. Whereas Mercury has improved its position. Indirectly, Jupiter and Moon are also active and forming good yog. Saturn is transiting in the last degrees in the Sagittarius sign.

Local market is based in news from the Government and influenced with the anticipation news for budget, this is confirmed by the strength of Sun and Venus. Local company’s performance may further influence the market equity wise.

Banks and financial institutions, leather, automobile, automobile tyres, Paper, electrical and electronics segments may remain active during the day. Market is at the upper levels, due to crude oil, and other issues, market may be bit watchful. Which may give trimming and, in some segments, or companies it may show rise.

Movements related water, infrastructure, renewable energies, waste managements related segments remain important for the coming period. Saturn will be playing important role in coming seven and half years (tentatively). Governance, Judiciary and waste managements will be playing very important role along with water management. Infrastructure will be important with renewable energies.

I believe mood of the market is positive, but on upper levels in certain companies, we may see some profit bookings. Mood is positive.

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.