Nifty Prediction : Trade with proper stop-loss | Range of 12000 to 12300
Daily Forecast – Share Market – January 27th, 2020
Trade with proper stop-loss | Range of 12000 to 12300
Rahu and Venus are leading the day with support of Sun, Moon, Mercury, Jupiter & Mars. Due to conjunction all the planets are active but seven are active directly. Activities in all the segments are possible. I feel that mid-caps may remain more activated. Keep a watch on small-caps also.
Importantly, Venus and Rahu are in lead and they can give hopes or intentions for liking or emotions for positiveness, but normally, they act differently, means chances of negative movements will not be surprisingly, and reasons may be foreign cues and some local anticipations or watchful moves because of anticipating government moves in coming budget.
I believe that profit bookings on upper levels possible, which may give opportunities at lower levels to the investors in the running period. So, it will be better to wait and watch, look for good equities and get rid or weak companies (for long term investors), capitalize this opportunity.
Activities will be based on banking and financial sector (due to negative or positive reasons). NPAs may be cause of concern in some of PSU banks. Watch carefully. Fertilizer can be another interesting area, we may see some twist and changes in coming period with leather, pharmaceuticals etc.
Petroleum and gas segment, insurance (especially medical/heath), automobile, realty, infrastructure, textiles and sugar, electrical and electronics etc. with Space and energy can be the up coming areas where new opportunities can be seen in coming period. Space and related area, defence can earn money for government, whereas other sectors are the key areas to generate job opportunities, and government may give focus – otherwise transit of other planets will give fitting response to the government.
Local political issues or student agitations are not justifying – so in coming days some conclusive impact from Judiciary can be seen otherwise issues can be troublesome.
Trade with guards. I feel market may trade within the range of 12000 to 12300 or so.
Indian Rupee may trade in between 70.60 to 71.60 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