Daily Forecast – Share Market – January 21st, 2022

Geo-political and Cues better | Sell on rise better

Sun, Moon, Ketu with Venus, market is well supported by Saturn and Rahu. Indications from Global cues and Geo-political situation may also affect the market. Astrologically lord of share market and of banks is heading towards Sun (retrograde transit of lord of share market and banks). Indications are again for sell on rise will be better for the day.

Results are also expected of many companies. Impact of inflations may reflect on date. Few companies may perform or show better results in terms of INR, because of rise in USD levels. Impact of slowing down of demands or better to say movements in rural areas for FMCG and two wheeler segment.

I may look for the selling on rise with stop-loss. Upper levels may need stop-loss. Even then, I may prefer to look forward for oil exploration companies/sectors. Any company involved with other sectors may give advantage.

Keep a watch on electronic device manufacturing segments etc.

Movements in communication instruments, electronic gadgets, power, infrastructure, automobile, leather, textiles, pharmacy, healthcare, pathology laboratories, defence or defence linked products manufacturer, space, radar, IT, communication, leaf-based, coffee, FMCG, metals and many more segments may remain active.

Time is still on to trade with care. Sell on rise will be better. Weekend market. Stop-loss better.

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.