Nifty Prediction : Nifty may try to hold levels | Trade with care | Wait and watch for long
Daily Forecast – Share Market – January 21st, 2020
Nifty may try to hold levels | Trade with care | Wait and watch for long
Rahu, Venus, Sun and Mercury are controlling the day with Moon. Again, all planets are active directly or indirectly. Saturn is close to change its house and sign. So, disturbances in weather, political circle, and share market/business are possible (not essential – just chances). Even then I will prefer to trade or go long with care or prefer to wait for some time.
Secondly, budget is not far away from the working day. Rahu has displayed its ups and down tendency and then big dip. Today again, Rahu is active with Venus, indicating that they want to give but may not give to the market. That means it will be better to look for the trend and then sail your boats/trading moves.
Market may try to hold its levels but be watchful. It will be better to look for opportunities only in good companies. Day is based on Quarterly results of the companies. Economical Indexes are not much supportive for the growth of economy. I am eagerly waiting for the transit of Saturn in Capricorn and see, what government can do to turn around economic growth. Finance Ministry cannot give excuses, time has come to deliver, otherwise Saturn will justify during its own time with the government.
Unemployment is key to restrict consumption of products; only very essential products are moving but rate is slow. Education is costly, healthcare is costly (Both for layman), vegetables are going high along with other living materials, importantly increments and job opportunities are restricted. Companies in the field of communication are now getting financially sick, they were providing jobs. Similarly, other areas are badly influenced with several issues. I am hopeful that after 24-01-2020, some better steps should be taken by the government.
Interesting areas can be automobile, textiles, paper, leaf-based segments, IT (selected companies), banks and financial institutions (keep a watch), insurance, sea-based segments etc. along with alcohol, sugar, leather, FMCG etc.
Trade with care.
Indian Rupee may trade in between 70.40 to 71.40 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market