Nifty Prediction : Chances of consolidation | Nifty may plan for 18000 in coming days

Daily Forecast – Share Market – January 5th, 2022

Chances of consolidation | Nifty may plan for 18000 in coming days

Sun is leading the day well supported by Saturn, Rahu, Mars, Moon, Mercury and Venus. Indication from foreign cues may play some role, which may mount some pressure or better word will be chances of consolidation. Reason will be some local company’s performances.

FIIs will be playing another role in the market. But another point of concern can be rising rapid cases of corona and OMICRON, it will be better to take proper and necessary precautions for health and financial issues.

This may give impact in the market after some time. That is why it was mentioned in my previous post for the stoploss and the same recommendation is for the coming days also.

Important is that market strength is not bad, whereas other point of concerns can be Virus related issues. Liquidity in the market is still giving bit hope. Which is maintain momentum in the market, despite of some of local issues.

Still, I feel that Nifty may try for 18000 of its levels in coming period. That means buy on dips will be better strategy. Banks in coming period with financial institutions are still giving hope. That means, profit booking at any point of time is possible. Rahu is giving indications.

Communication, IT, banks and financial institutions, alcohol and related segments like spirit and others, textiles, leather, pharmaceuticals, e-commerce, e-entertainment, logistics, automobile tyres, infrastructure, automobile, automobile ancillary, non-traditional and defence, space, web, cement, and reality related materials, leaf based, rubber, Tea, coffee and many more like healthcare and insurance etc. may be seen in action.

Nifty may plan for 18000 in coming days is quite possible, but sudden dip or consolidation or profit bookings are also possible. Trade 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.

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