Daily Forecast – Share Market – February 5th, 2021

Nifty may trade with (+/-) 100 Points | Traders – buy on dip

Moon with Mars is leading the day, well supported by Jupiter, Venus, and Mercury. Foreign cues are strong, with local support of planets. Panchgrahi yog is formed, indicating movements in the areas of neighbouring nations (inside or on the bordering areas in coming period). This will be a period when inside of nation, it will be better to maintain peaceful environment. Religious activities may rise, and Judiciary may have to play some important role.

All planets are active, this is important.

Now, Nifty is looking to move or may crawl towards 15000. Global cues are supportive. Results are indicating that growth in the companies in comparison to the previous year’s quarterly results of the same year. Reasons are well known to everyone. Again, results are awaited on date.

RBI’s policy may give some volatility. Otherwise, this week was very strong after the budget session.

RBI’s policy may be based on the liquidity in the market. Previous year, movement in the sales of companies was very low. Even company like Britania had retrenched 10000 employees (labours), now same company had liquidated all the blocked stocks during the period of lockdown, now they are flourishing.

It will be better to look for dip (traders only) and buy, investors can wait for a dip of 15% which can be from 15000 + levels (just based on shadgrahi yog). Nifty may trade within the range of -/+100 points.

FMCG, Banks, financial institutions, automobile, automobile tyres, fast food, IT, communication, automobile batteries, Pharmaceuticals, oil exploration companies, financial institutions etc. Chemicals, entertainment, media, leather, textiles, dairy, chemicals, defence, electrical and electronics, exchange related segments may be doing better. Market seems positive, keep a watch on closing since, it’s a last working of the week.

Enjoy the day, buy on dip (traders), investors can wait.

Indian Currency

Indian Rupee may trade in between 72.50 to 73.40 per USD.

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