Nifty Prediction : Market under pressure | Watch for first two hours of session

Daily Forecast – Share Market – January 24th, 2022

Market under pressure | Watch for first two hours of session

Sun with Moon, Mars, Saturn (Rx), Ketu, Rahu, and Venus. Indications are not much different than previous working day. It will be better to wait around 11:14 Hrs (IST), market may show some change in the momentum after. It will be better to wait for the direction indication after or around one and half hour (or so) of opening of market. Market may try to open with some pressure.

Lord of share market has crossed Sun in retrograde transit position, still combust but for a day or so. I hope that, coming period may give better moves around the weekend and monthly expiry. Only point of concern will be geopolitical situation during the period. Possibly, after 2 hours of opening of market.

Still global market’s reversal moves are giving some different and shaky indications. I believe that market may get support from some of leading organization, like banks and oil exploration with dealing with other sectors like communication, FMCG, entertainment etc. – company like RIL.

I am still hopeful for defence, banks, automobile, infrastructure, textiles, power, renewable energy (budget session is ahead), logistics, chemicals, but financial companies are bit tricky, pharmaceuticals (due to pressure of over pricing may face issue), agriculture and many more electronic based companies, IT (few companies are now over pricing) so showing some correction – hence, may give some opportunities.

Remember after tomorrows working Wednesday will be close for the market, possibly, market may show some different moves after this holiday.

Trade with wait and watch. Certainly, opportunities will be for equity investors. They can level prices or add good companies.

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.

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