Daily Forecast – Share Market – January 23rd, 2020

Casual traders – guard your money | Look for lower levels (investment)

Venus with Rahu and Sun are leading the and supported by Mercury and Moon. Saturn is on the verge of changing its sign and house, Jupiter is indirectly activated. Crude may be facing some pressure. Global cues may be important along with local issues. I believe that market is trying to hold norms at lower levels, still chances of ups and downs due to planetary movement (Saturn – moving in Capricorn sign after 30 years). Market, nature and political or otherwise also, period is important for another 96 hours.

That means from Monday onwards we may see some settled moves, but again will wait for budgetary announcement on 01-02-2020. I believe that after budget we may see some direction in the market, possibly positive, otherwise Saturn is moving in own sign as Karmadhikari in Dharmadhikari position. So, during its tenure of 2 and half year, will do justice to the working government.

It will be better to look for opportunities at lower and upper levels. Time to get rid of weak companies.

Action can be seen in IT, communication, leaf-based segments, coffee, rubber, alcohol and related segment, with automobile, automobile ancillary, paints, infrastructure, cement, tiles (Ceramics) and chemicals, solvents, lubricants, insurance (health care related), it will be better to be watchful with LIC (NPAs etc).

Banks are doing well, still better to be watchful in certain banks, issues or NPAs are important.

Trade with care, better to wait to settle down the direction for the market. Better for buying at lower rates (long term – good equities).

Casual traders, better to watch, protect your money (which is as good as earned money).

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.