Nifty Prediction : Buy on small dip | Be watchful on deep dips | Watch banks

Daily Forecast – Share Market – January 4th, 2022

Buy on small dip | Be watchful on deep dips | Watch banks

Moon, Sun with Venus are leading the day, well supported by Mars (Retrograde), Saturn and Rahu. Lord of foreign is wobbling the support, where as Lord of banks and financial institution is also moving with Ulti Chal and supporting own house of banks, so this may give support to the market, although others issues may try to pressurise the market.

Rahu is again creating smoke, so confusion in the market will not be a surprise.

That means buy on even control dips. If we see deep dip, then wait and watch. Remember Tomorrow is first weekly expiry of 2023 in this smoky period in global and local system. Gold and Silver are giving indications that by n large this global market cautious and trying to give a different image of the market.

Crude is maintaining above 81 USD. COVID in China is alarming, but anterdasha from February 2023, may be supporting them.

I believe that market may try to hold the levels and again show some recovery.

Banks, IT, communication, textiles, leather, electronics and electricals, metal, engineering, infrastructure, automobile, automobile tyres, automobile ancillaries, batteries, two wheeler including cycle, transport related segments) logistics, chemicals, drugs, Pharmaceuticals, and financial institutions etc. Please keep a watch on FIIs and DIIs etc.

BSE and MCX will also be interesting.

Nifty may look for 18300 and may test 18150. Smoke like feel.

Indian Currency

Indian Rupee may trade in between 82.20 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.

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