Daily Forecast – Share Market – January 11th, 2022

Impact of foreign cues possible | Look for opportunities

Saturn with Moon are controlling the day, well supported by Venus, Mercury, Saturn, Rahu and Ketu. Opening may show some consolidation. Opening is actively affected by Rahu & Ketu combo, but after two hours, Lord of horoscope will improve its position, which means market may show better approach. Sudden moves are possible.

US market is influenced with various reasons like unemployment data, Bond yield etc. along with corona. Asian market may also show some mixed impact. Which may influence ours also. But better to keep focus on previous day’s affected stocks like e-payment related, possibly such stocks may show some moves (despite of negativity).

Market is feeling restrictions on upper levels, but this is just a restriction, wait and watch. Coming period may give some better moves also.

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, FMCG, 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 73.75 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.