Daily Forecast – Share Market – January 8th, 2021

Nifty may look for 17850 or so | Buy on dips (if volatility seen)

Moon with Venus (retrograde and heading for total combustion) leads the day, well supported by Saturn, Jupiter, Rahu and Sun. Indirectly entire horoscope is active, that means cues from foreign trade may be seen, lord of the cabinet is now in the zone of combustion and moving with retrograde movement for us. Lord of foreign land is in the axis of Ketu and Rahu. Foreign areas may face unrest or some disturbances apart from Pandemic.

On date, market may show recovery from the lower levels. Nifty may try to look for 17850 or so.

Pandemic in India is rising very fast. It will be better to take necessary precautions strictly at least till April 13th, 2022. After that Jupiter will move in Pisces sign, and end of April 2022, Saturn will move in Aquarius sign. Finally, Saturn will move in Aquarius sign in January 2023 (end).

Globally, expenditure towards arms and ammunition may increase after April 1st, 2022. That means defence stocks may see rise after this period. Indian share market may see better after April 13th, 2022.

Midcaps, small caps along with large caps may show movements.

Areas like defence, automobile, IT, space, web related, e-commerce, home delivery services, power, coal, oil exploration companies, infrastructure, and related areas, cement, chemicals, pharmaceuticals, health care, vaccine related companies, laboratories, automobile, EVs, Lithium batteries, automobile batteries and ancillaries, alcohol, sugar, glycol, electronic and electricals, along with automobile tyres etc.

Remember Volatility is also possible.

Even then buy on dips. Market may show recovery from past levels.

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.