Daily Forecast – Share Market – January 17th, 2022

Volatility possible | Buy on dips better

Sun with Moon leads the day, well supported by Rahu, Ketu, Saturn, Jupiter and Venus. Lord of Share market and banks has started transiting retrograde, after the losing hours of Friday. Indicates that, market may show closing values of previous closing value of 14-01-2022 within coming 17 days.

On date, Rahu and Ketu are active, so chances of volatility are possible. Nifty may show ups and downs, secondly lord of share market has started transiting retrograde. Possibly may show little bit profit bookings on the upper side of the Nifty or previous day’s closing. Banks may show some ups and downs.

Mixed day possible. Chinese market may show some mixed day. Due to some or other reasons, petroleum products are stable. At least till second week of March 2022.

As I have mentioned earlier for the areas related space and defence, movements can be seen in coming period.

Leather, EVs, batteries related to EVs, automobile tyres, coal, metal, Petroleum exploration companies, insurance (health), Alcohol, space, defence, power, healthcare, electronics, electrical, paper, leather, textiles, cement, IT, communications, leaf based, rubber, chemicals, agriculture, fashion, FMCG, sea related segments, crude etc.

Nifty may show some volatility, ups and down. It will be better to look for opportunities on dips.

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.