Nifty Prediction : Nifty to hold levels but slippery | Sudden moves possible
Daily Forecast – Share Market – January 25th, 2022
Nifty to hold levels but slippery | Sudden moves possible
Rahu, Sun with Moon is leading the day, well supported by Ketu, Saturn and Venus. Impact of foreign cues may remain better. Tomorrow is close for the market. Foreign cues may show some better chances, but because of holiday, market may remain suspicious.
Lord of share market and banks has come out of total combustion, this may give better emotions of market and banks. I agree that market is at the boundary of bases, if this will breach levels, may show slip of 300 to 400 points of Nifty, but I believe that market may look to hold the levels.
Rahu is strong, which may give suddenness after first house of opening of market. So, it will be better to wait at the opening hours of market and then pick your trades according to the movements.
I will prefer for investments in equities and MFs during the period. Crypto currency better to wait and watch.
Interesting areas may be for Spirit, alcohol (for the day), it will be better to look for opportunities in textiles, agriculture, automobile (EV), renewable energy, non-traditional sectors, defence (at better rates), IT at revised rates, communication, power, infrastructure, reality related segments like cement, paper, leather, chemicals.
I will prefer for the wait and watch of market for at least first hour of session. Nifty may show a chance of buying opportunities at lower levels.
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.
Categories: Share Market