Daily Forecast – Share Market – February 4th, 2020

Better to look for settling down Opening | Investors look for lower levels

Moon, Venus and Jupiter are holding the key of the day with support of Sun, Rahu and Mercury. Planetary position is supporting the emotions of the market. Crude may be showing some pressure. Even then possibility of pressure on some segments can be seen. Before going for long I will prefer to be bit watchful (for traders). Investors can look for good equities.

Foreign cues may be influencing the market, but still issue related China (Corona virus) is not supporting global market. Their production is hampered. Recession in certain markets can be seen due to political or health issues etc.

I believe that market may be trying to hold the levels of the market. It will be better to wait for settle down the market before buying. Market may show selling on upper levels and buying at lower levels. Move step by step basis. Although, many planets are healthy, but importance of government decision etc. will be important.

Leaf based, dairy, IT, communication (activities – negative or positive), logistics, transport, automobile, Petroleum and gas, paint, automobile tyres with alcohol, metals and many more segments may be showing movements along with banks and financial institutions etc.

Trade wisely on Indexes.

Indian Currency

Indian Rupee may trade in between 70.70 to 71.70 per USD.

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