Nifty Prediction : Nifty Looking better | Budget ahead | Nifty may look for 12125

Daily Forecast – Share Market – January 29th, 2020

Nifty Looking better | Budget ahead | Nifty may look for 12125

Venus is controlling the key with support of Sun, Moon, Mars, Rahu, Jupiter, Saturn and Mercury. Almost all the planets are active but indicating that lord of the cabinet is holding key for the coming period. Market may look to show some positive moves, but not much in indexes, whereas movements in mid-caps and small caps are also possible.

Importantly, this week has Budget session on 31-01-2020, and market will be active and working. So, trading session will be one day extra in the week.

Importance of foreign cues cannot be ignored. FIIs selling pressure or some other ways may give direct or indirect impact. It will be wise to move with the wind for a while (for traders). But for long term investors, time to look for good equity and move in with the better rates if available.

Organizations like good banks, leather, paper, textiles, waste management, water management, infrastructure, real estate (good companies only), electronic manufacturing, space, communication and food related areas may be showing importance in coming period. Chances for export can be important.

Still certain areas may be bit tough to indicate.

Positive steps can be seen during the day.

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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