Daily Forecast – Share Market – January 28th, 2021

Nifty may look for 13850 or so| Wait and watch

Moon with Mars is leading the day, well supported by Mercury, Sun, Venus and Saturn. Impact of foreign cues will be playing important role during the day. Venus has changed its sign and house, Jupiter is totally combusted, and will be till tomorrow. Saturn has come out of totally combustion phase, but still combust. Mercury is at the slowest speed for us, impact is clear, because is lord of share and bank lord of the nation.

I believe that market may further has some issues and may face challenges to regain its position today, because is last day for monthly closing and weekly closing. Budget is ahead, market will be waiting for budget, may look for 13850 not surprising (not surprising). But buying may be seen at lower levels. This may also be based on budget news and estimation based. Sell on rise can be safe bait (also). FIIs and DIIs can play some role also.

Keep a watch on results of companies.

Activities in many areas are possible, because almost all the planets are active, only Rahu and Ketu are not active. We may see reversal moves for next fortnight of the month. Because of planetary moves.

Long term investors can wait for the right levels (may be close of 13850 or 13800 or so, of Nifty) for long investments.

Activities in bank, financial institutions, automobile, automobile ancillary, tyres, Pharmacy, health care, infrastructure, textiles, defence related segments, space, aero-manufacturer etc. and many more can show activities on either side (Activities means – movements on either side).

Traders can look for opportunities on rise.

Indian Currency

Indian Rupee may trade in between 73.90 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.