Daily Forecast – Share Market – January 3rd, 2023

Market may show trimming on upper levels | Trade for Opportunities

Sun with Venus is leading the day, well supported by Rahu, Mars, Moon and Saturn. Importantly, retrograde lord of share market has moved back to Sagittarius sign, which may start giving support to own house Banks. But today, market may have influence of this falling lord of share market. Trimming possible on upper levels. Importantly Jupiter lord of ups and downs (gains/loss) is supporting house of share market, means ups and downs possible in the market. This fortnight will be important for various global issues because Saturn will be moving in Aquarius sign on 17-01-2023.

Foreign cues are practically, but as we know that if we live in weakness, so after sometimes such becomes a habit and we say, that situation is normal. Same thing may be happening with us in local and global scenario. China is facing tough phase, in India windfall tax is another indication to give support to surface or rail transport.

Another indication – Investments in Gold is rising; indicator is rising gold prices. Although, year may have some big challenges for the traders.

Nifty may show some trimming on upper levels.

Areas for automobile, automobile tyres, batteries, lithium, EV, renewable energy, defence, power, infrastructure, IT, communication, leaf-based segments, gold and silver, textiles, leather, agriculture based automobile, railways, chemicals, rubber, alcohol, and many more areas may remain active.

Remember the comment of news from IMF, that almost every nation may have to face big challenges. Which is alarming for everyone.

Trimming on upper levels possible. Keep a watch on results for the third quarter of various companies.

Indian Currency

Indian Rupee may trade in between 82.20 to 83.10 per USD.

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