Daily Forecast – Share Market – January 9th, 2023

Little bit smiley day possible | Stop-loss essential | Nifty may look for 18150

Venus, with Moon leads the day, well supported by Mars, Rahu, Saturn and Mercury. Importantly, Moon is supporting own house, indicates that related segments may be well supported by own lord. Moon is also forming good relations ship with Saturn and lord of lagna Venus. Indicating that local issues may also be enjoying some local support. Possibility of foreign cues may be bit better.

Lord of banks is weak but giving strength to own house, although, in coming days will be total combust. So, opportunities in coming days for banks may better.

I believe that market may try to come back at 18150 in coming dates. I had already mentioned in my post on 27-12-2022, that market may show back the values of that days closing. That means may try to come back to 17200 or so in coming period.

Market will be waiting for quarter 3 results.

Stop loss will be essential. Gold and Silver may show good moves in coming period.

IT, banks, financial institutions, logistics, leaf-based, fashion, FMCG, pharmaceuticals, textiles, paper, alcohol, non-traditional segments, metals, defence, leather, rubber, automobile tyres, automobile, agriculture, keep a watch on FIIs and DIIs, chemicals, drugs, and many more may be showing their movements. I believe that market may be bit better and look for trade with smile.

Nifty may look for 18100 or so. Trade with stop-loss. Look for Opportunities. Possibly Nifty may look for 18200 or on coming days.

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.