Daily Forecast – Share Market – February 3rd, 2020

Avoid Long | Wait for Consolidation | FIIs important

Venus of exalted sign but newly born and Sun are heading the day with support of Moon, Mars, Rahu, Jupiter and Mercury. After a big fall on previous working day and great slide from 12500+ to the current levels within the fortnight. I have mentioned in my previous report that impact of government can be seen (indirect message but loud and clear).

Anyways, it is always a chance for good companies at lower and economical levels. I agree that emotions will be guided by FIIs and other factors. Even then coming days may give proper chance to invest and trade with defined line of the market.

I believe because of breach of stop-loss(es), market fell sharply than the normal fall. Again, investors or traders were expecting budget which will give boost to the growth of economy. It was not up to the expectation of market.

Crude is also falling, which is helping or not harming economy further. Global cues are also not positive.

Anyways, seven planets are directly active. Market may show shaky emotions. Still, we must wait and watch after this deadliest fall of the market. FIIs may be playing further role. Avoid long. Wait for consolidation.

Let the market pick its norms. Traders – please wait and watch for consolidation.

Movements can be seen during the day, but not for the long at present. I will prefer to wait due to planetary movements. Let the Saturn settle down in its own house.

Indian Currency

Indian Rupee may trade in between 71.00 to 72.00 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.