Nifty Prediction : Keep a watch on global cues | Opening tricky | Wait and move

Daily Forecast – Share Market – January 27th, 2022

Keep a watch on global cues | Opening tricky | Wait and move

Saturn (combust), Sun with Moon are leading the day, well supported by Venus (at the slow speed and ready to transit direct), Rahu and Ketu. Local market will be influenced by foreign cues and geo-political situation. Cues from foreign market may not be attractive, categorically from US and China. Geo-political situation is influenced with Russia and Ukraine situation.

US has indicated increasing of interest rates or better to say, slowly and gradually check on inflation. Which may indirectly influence cashflow in the market. Indirectly this may affect our market also. Issues between Russia and Ukraine may give impact on crude oil market, affecting our market/business, costing etc.

Combination of Rahu and Ketu are indicating volatility and possibly pressure also. After one hour of opening of market may give indications for the direction of the market for the day. Today is monthly and weekly expiry day. Market may show movements accordingly. Budget session is also close. Trade with care and smart opinion.

Automobile, IT, communication, e-commerce, logistics, power, alcohol, spirit, sugar, textiles, leather, electronic instruments for communication, semi-conductors related segments, defence, chemicals, drugs, solvents, non-traditional segments and many more. Investors may look for opportunities.

Possibly week opening. Allow market to settle down at least for the first hour.

Indian Currency

Indian Rupee may trade in between 74.60 to 75.40 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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