Daily Forecast – Share Market – January 4th, 2022

Nifty looking back for 17700 or so| Invest but with stop-loss

Sun is holding the day with support of Moon, Rahu, Saturn, Mercury, and Venus. Altogether six planets are directly active, indirectly eight planets are active. Only Jupiter is not as active as other planets.

FIIs are back on buying, which may help again local market to get some advantage. Nifty may try to look for 17700 or so. Movements in various areas may give movements in the market including midcaps and others.

Areas like IT, communication, automobile, space and logistics may be good for the market.

It will be better to invest money but with stoploss. This may be need of the day.

IT, communication, power, automobile, automobile ancillaries, EVs related areas, batteries related to lithium and others, infrastructure, reality and related areas, chemicals, electronics, engineering, electricals, metals, textiles, leather, paper, oil exploration related, sea related segments, pathology laboratories, and many more areas may remain active like banks and financial institutions etc.

Threat of Corona and OMICRON is rising very fast, which needs a alert from each of us. This is also indicting for e-commerce and e-entertainment related segments etc.

Keep a watch for Nifty 17700 levels or so. Invest with strict stoploss.

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.