Nifty Prediction : Nifty seems Positive | Budget linked impact | Trade accordingly
Daily Forecast – Share Market – January 25th, 2021
Nifty seems Positive | Budget linked impact | Trade accordingly
Moon and Mars are leading the day with Venus, well supported by Mercury. At the same time Jupiter and Saturn are total combust. This is directly or indirectly influencing the day. Strong impact of foreign cues and other issues related to local political point of view. But I feel that day may be better for the day in comparison to previous working session. Buying from lower levels can be seen or Gap-up opening is also not surprising.
It is a one-day short week for trading sessions point of view. Coming Thursday will be day for monthly expiry. Four-day week, and the same trading sessions for Budget, which will be on 01-02-2021.
This will also be not surprising that within this week to see Profit bookings from upper levels.
Importantly Western counties are facing COVID19 impact and few of them have imposed strict Lockdown, which may give impact on global economy again, in coming period. Planetary position will be changing in coming fortnight.
Movements in Transport, railway related segments, IT, communication, web based segments like e-commerce, entertainment, leaf-based, dairy and many more in this area will be doing better. Keep a watch on Aero-space, Aero-manufacturer, defence, metals, banks and financial institutes, FMCG, with many more segments will be doing better.
Trade for the short term basis. Nifty ay look for 14500 in coming time.
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.
Categories: Share Market