Nifty Prediction : Mix day | Volatility | Ups and downs not surprising

Daily Forecast – Share Market – January 28th, 2022

Mix day | Volatility | Ups and downs not surprising

Sun with Moon is leading the day, well supported by Saturn, Venus, Mercury, Rahu and Ketu. Indications for the Volatility and mix-day is possible. Banks may be supportive. Nifty may try to hold levels but wait for going for Call or Put. Time is not for going for the trade of Nifty.

I believe that market may show ups and downs. Although, support from Banks or results may be supportive. It will be better to say that market may show influence of results from various companies (3 Qtly results). Semi-conductors and likewise chips may be cause of concern for automobile sectors. So, companies involved in manufacturing such products may remain in limelight for the coming period.

Budget session is ahead. Market is bit shaky, because of balancing of pressure of COVID years and still passing through the same position. Pressure is high. Economy is trying to come out of the shadow of previous years. Including poor economy of 2019, that means for the past three years we are facing pressure.

It will be better for traders to wait and watch. At least in the current zone.

Time to invest in good equities/companies.

Areas like Banks, power, renewable energy, electronic and electrical, coal, metal, alcohol, spirit, sugar, textiles, paper, leather, silk or cotton, IT (possibly correction for the pricing), communication, chemicals, drugs, pathology laboratories, Pharmacy (watch and then move). Leaf based segments may also be supportive, with communication instruments etc.

Currency levels and crude are again cause of concern. Insurance and related segments may remain better.

Mix day. Volatility possible. Trade with care. Time to look opportunities for good companies and wait for the budget session.

Indian Currency

Indian Rupee may trade in between 75.00 to 76.80 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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