Daily Forecast – Share Market – January 30th, 2020

Movement in many segments | Nifty may remain conservative

Venus is leading the day with support of Sun, Moon, Mars, Rahu, Jupiter, Saturn and Mercury. All the planets are playing their role, global issues may be influencing local market – Health issues are important. Index may not be important on date. Possibly Nifty may play some restrict moves. Budget is two away. Impact can be seen during the day.

Movements in many segments can be seen. Impact of quarterly results will be playing its role. Movement in FMCG, automobile, coffee, tea, rubber, petroleum, gas, financial institutions. It will be better to trade with care in banks.

I may prefer to look for opportunity for banking, automobile, gas, waste management, water treatment, electronics and electrical (good company).

Alcohol, spirit, textiles, leather, Paper, Pharmaceuticals and many more segments may be in action. So, Mid-caps and Small caps may remain more active.

Indian Currency

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.