Nifty Prediction : Trade with wait and watch | Market seems positive in coming days
Daily Forecast – Share Market – February 4th, 2022
Trade with wait and watch | Market seems positive in coming days
Keep a watch on Fertilizer
Moon, Sun with Venus are leading the day, well supported by totally combust Saturn, Jupiter and Rahu. Planetary positions are at this stage is bit tricky; Mercury will be changing its direction of transit after opening of the market. Normally, this may change the direction of the market. That means, at the time of changing this direction of transit, market is under pressure, possibly, this may give some better hopes to the market.
Saturn, which is totally combust, unable to support related areas. But, possibly market may respond to the results and will give better indications for the coming week. Market is waiting for sudden hike, possibly, the moment Nifty will retain 17750, may show its rise for the previous levels.
I agree that US market is down, but due to results of FB/Meta. Anyways, our markets may also respond to our own results (3rd Quarterly). Previous day’s profit bookings – showing get ridding of hangover of budget runup.
Other foreign cues may also be important for the transaction purpose.
Areas like banks although slow, but better for the coming period, this Moon is also supporting the house of share market. At the same time Moon is forming good relationship with the lord of horoscope and then of defence and related areas. Possibility of better moves in related areas.
Banks, financial institutions, IT, communication, defence, digital areas, power, automobile tyres, automobile, EVs, renewable energy, solar based, alcohol, spirit, glycol, sugar, leaf-based, chemicals, drugs, rubber, logistics, education related in coming period, entertainment based on e-platform, keep a watch on insurance, crude oil exploration companies, coal at better rates, automobile ancillaries and many more areas are looking for action. Waiting for the movements in the proper direction.
Nifty may try to retain its levels and may look for upper side. Difficult to give levels.
Indian Rupee may trade in between 74.00 to 74.90 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