Nifty Prediction : Volatility possible | Wait and Watch | Stop-loss Imp.
Daily Forecast – Share Market – January 19th, 2022
Volatility possible | Wait and Watch | Stop-loss Imp.
Sun with Moon is leading the day, well supported by Venus, Ketu, Mercury, Saturn, and Rahu. Lord of India’s horoscope is retrograde and is transiting with the lord of foreign lands, indicating for the impact from foreign lands with be key for the day or trading purpose (this may include FIIs). It will be better to allow market to settle down at the earlier stage, allow the market to show pull back. If it shows dip, wait and watch. Allow the market to set the direction.
Volatility, ups and downs possible. Budget session and global pressure is ahead. US and Japanese markets are in the mood of pressure. Bond yields from US may also play some role during the day. If Nifty tests 18000, will not be surprising for me. Even then I believe that market will be showing and looking for upper levels in the coming period.
INR might lose its level, and again showing strength for USD. Crude is rising. I agree that defence may give advantage for export in coming period. I also believe that areas like electronic chips and others related areas may give some advantage in coming period. Inflation is high not only in US, China or other countries, we are also facing high inflation issues. Which may be cause of concern.
Areas like communication, space, defence, chemicals, it will to look for opportunities for IT (expectations from IT is high), Oil exploration companies, oil marketing companies may have to face pressure because they are unable to regulate prices at 90 USD crude prices (because of some known/unknown reasons), possibly in March we may see sudden rise in petrol/diesel and gas prices.
Chemicals, pharmaceuticals, EVs, related batteries, automobile ancillaries and many more. Crude may build up some pressure on automobile tyres, paints and other petro-based products.
Nifty may show volatility, even then I may look for opportunities on dips.
Indian Rupee may trade in between 74.20 to 74.90 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