Daily Forecast – Share Market – January 5th, 2022

Nifty may look for 18175 and test 18000 also | Volatility expected

(Market trades in down trend)

Venus with Mars (Rx) is leading the day, well supported by Sun, Moon, Rahu and Saturn. On expiry day, foreign cues may influence market again. Although local issues and results will also be important for the movements in our market.

Nifty may again look for 18175 or so. As it was mentioned to buy on dips, may be useful for the day. US data and China data are not encouraging. Purpose is to protect your funds.

Inflation and unemployment is a threat to the market in coming period. Initially, raw traders or investors of society may invest their money in this market. I feel giants are waiting for the moments. So, Raw investors – coming out of just losing the job – be watchful. Play safe and invest, instead of trading directly. First study the market moves. Wait for dip and then buy.

Areas like FIIs and DIIs will be important, banks, financial institutions, defence, IT on dips, alcohol, spirit, pharmaceuticals, logistics, communication, all the ways of transportation (including shipping and aviation), power, automobile, automobile ancillaries, chemicals, engineering, electricals and electronics etc.

It will be better to watch with care and move. Keep a watch on IT in coming period along with FMCG.

Currency is holding its levels just below 83 against USD. Crude oil is affected because of not so low temperature in Europe. Their estimated consumption of energy is less.

Nifty may look for 18175, impact of foreign cues may be affective for the day.

Indian Currency

Indian Rupee may trade in between 82.30 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.