Daily Forecast – Share Market – January 10th, 2022

Nifty may look for 17950+ | Volatility possible | Good stocks better

Moon with retrograde Venus which is trying to come out of combustion (total), well supported by Saturn, Rahu, Ketu, Sun and Mercury. Indications for the market from foreign cues may not be supporting, local issues may indicate for something else, although Rahu and Ketu are indicating for ups and downs.

Indications for the day can be bit positive, Nifty may try to look for 17900, but due to some or other reasons, volatility is possible. If market touches 18000 be prepared to book profit. In case it crosses with sudden moves to 18150, then story can be different. I have said sudden moves because of active Rahu, volatility because of active Rahu and Ketu both.

That means stop-loss is important and active approach for the Index will be KEY.

Stocks may be giving opportunities. Indexes – avoid for longs for a while. I still believe that market in the long run will show jump, for Intraday or traders, trade with stop-loss. Specific reason will be due to rising Virus cases (Corona and MICRON, secondly fear of combo USE OF MASK will be important.

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.