Nifty Prediction : Buying at lower levels possible | Emotions positive 

Daily Forecast – Share Market – January 22nd, 2020

Buying at lower levels possible | Emotions positive 

Venus, Sun and Rahu are holding the key for the day with support of Ketu, Mercury with Moon. Saturn is changing its sign and house, on 24-01-2020, around opening of market hours. It was supposed that within the last 72 hours of its transit in Sagittarius sign (means from 21-01-2020), uthal-puthal or unexpected movements in market/politics/weather etc. should not be surprising.

Indirectly eight planets are active. I believe that it may be better than previous day, buying from lower levels can be seen. Ups and downs will not be surprising. It will be better to go with the strength of the companies (investors). Nifty may try to recover from lower levels.

Crude is also looking to hold levels. Petroleum and gas may be bit better, with insurance, automobile, infrastructure, time for cement, paint, and related chemical segments may be better. It will be better to look forward solid waste management and water management related segments. Paper, textiles, leather, sugar and chemical etc. may be doing better.

Better to be cautious for entertainment or media related segments, with IT etc. Banks (good) will be better for long term. Before going for financial institutions or banks, it will be better to look for the NPAs or their investments etc. Otherwise issues like Franklin can be observed.

Trade to look for opportunities.

Indian Currency

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.

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