Daily Forecast – Share Market – January 18th, 2021

Wait and Watch before trade | Volatility not surprising

Sun with Moon is leading the day, well supported by Mercury, Mars, Ketu, Saturn and Venus. Planetary position is indicating that Jupiter and Saturn are combust, indications for the cues from foreign lands – quite possible. Indications for the pressure on the market is possible.

We have entered in the last fortnight of Budget session. Indicating profit booking and fresh buying according to the news can be seen during the period.

Chances of volatility is quite possible because planetary position is indicating accordingly.  Avoid long for positive moves.

Wait and watch, before moving ahead.

Banks may give opportunities at lower levels. Still, I will look forward for IT, communication, Automobile, silver (for long at lower levels), space, defence (missiles etc), e-commerce, automobile tyres, Petroleum (pressure in crude), look for opportunities in leather, textiles, Pharmaceuticals, Gas, and many more linked with chemicals, leaf-based, liquid, dairy etc. can give opportunities.

Wait and watch, before looking for direction. Market may show Volatility. Don’t show panic.

Indian Currency

Indian Rupee may trade in between 72.80 to 73.60 per USD.

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