Daily Forecast – Share Market – January 3rd, 2022

Nifty may look for better levels (100+) | Year 2022 looks comfortable

Wishing you all a Very Happy New Year.

Sun with Venus is leading the day well supported by Moon, Rahu, Saturn, and Mercury. Indicating that local issues will be important, that means figures based on previous year will be supportive, despite rising issues related to the Corona and OMICRON. Keep a watch on FIIs, indications may remain better.

One can start buying or going for the business from the beginning of the day. Nifty may try to look for another rising of 100 points.

GST collection has improved in the previous month, which may be supportive. At the same time automobile will be decent.

Currency is important and is with in the range of INR74.50 for USD. Crude is also with range, although maintaining its levels.

For 2022, we can hope that after April 13th, 2022, this market may show better moves. Jupiter will be supportive for the market, health and others.

Automobile, automobile ancillaries, auto batteries, and interesting news from EVs, agriculture related automobile, automobile tyres, logistics, power, e-commerce, e-entertainment, communication, space, defence, leather, Textiles, chemicals, sugar, alcohol and related areas, rubber, infrastructure, cement, pharmaceuticals, pathology laboratories, leaf based, coffee, seeds, banks and financial institutions, and many more may remain active for the better side.

Avail opportunities for long. Index may also be in better mood.

Indian Currency

Indian Rupee may trade in between 74.00 to 74.80 per USD.

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