Daily Forecast – Share Market – January 2nd, 2023

Wishing a Very Happy New Year 2023

Nifty may within range 17900-18250 | Weak emotions | News important

Sun for the New Year 2023 has started shining. It is different that a sort of weak Page is opening for the market, but it has some options for the economist of the world and of India, to write something good, so that Nyaykarta and karmfal data Shani dev will start giving good results when will move in Aquarius sign. Otherwise, past karmas, may give justice according to the past karmas, which we all know … how we have performed because of many reasons. This may include COVID, Ukraine-Russia conflict and other reasons etc.

Focus of exports, IT (revival), because we are mainly doing job work in IT. That means if economy of related nations will be weakening then side impact will be on our business also. Quality of pharma is good, but quality check needs to be step up further (for small companies).

China’s impact on not only India is high, but on many nations, if their economy will suffer, this may affect the banking sectors of Europe, influencing on our IT sector. Although, this may give impact on global demand, so hurting sentiments of the market of various nations. But one supplier will be weak, so may create our chances also. Hence, economists may give proper direction to the economy.

Now market of the day, may show buying from the lower side. Nifty may try to test 18000 and buying from lower possible for again 18200 or so.

Automobile, FMCG, fashion, agriculture automobile, sugar, agriculture, fertilizer, paper, communication, infrastructure, IT, chemicals, education related segments, metals, engineering, electrical and electronics, textiles, aviation, defence, alcohol, spirit and many more may remain active.

Nifty may trade within range of 17900-18250.

Indian Currency

Indian Rupee may trade in between 82.10 to 83.00 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.