Nifty Prediction : Consolidation/Profit bookings possible | Buy on dips better
Daily Forecast – Share Market – January 6th, 2022
Consolidation/Profit bookings possible | Buy on dips better
Rahu, Moon with Venus (Retrograde) and well supported by Saturn, Mercury, and Sun. Pandemic is spreading globally. First round of inflation has not come under control (globally), whereas third year has again started with the impact of Covid and next variant OMICRON. Even then liquidity in the stock market is supporting the market.
Indications from foreign cues may not be comfortable, which may give some profit bookings from the upper levels or from previous closing. This means opportunity on dip for the Index can be seen for the coming period. Nifty may be planning for 18000+ in coming period.
Good stocks have always time to enter. Avail opportunity, if any.
Almost all the planets are active (indirectly), so movements in midcaps and small caps may show movements. Many segments may show movements. Avail advantage from the reversal moves which can be for 100 points of Nifty.
Areas like automobile, power, EV linked automobile companies, non-traditional, alcohol, sugar, by products from sugar like Glycol manufacturer, spirit, textiles, paper, agriculture related automobile and areas, agriculture produces, leaf based, tea, coffee, pharmaceuticals, healthcare, healthcare instruments manufacturer, electronic and electrical, renewable energy and many more segments may show some movements.
It will be better to look for opportunities on dip. That means buy on dip will be better.
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.
Categories: Share Market