Daily Forecast – Share Market – January 18th, 2022

Buy on dips | Nifty may try 18175 | Global news Key, watch

Saturn, Mars with Venus holds the lead during the support, well supported by Rahu, Moon and Sun. Newly moved Saturn will start giving results as it grows with the strength. On date, tussle between Global cues and local news, Budgets, and results of Q3 of various companies, included in Nifty or not included in Nifty strength.

Rahu, Sun and Moon may also create some emotional confusion, because of Crude oil prices rises, eyes on Japanese market news may remain highlight of the day. Keep a watch.

Remember, tomorrow will be weekly expiry. Market may respond accordingly in the second half of the day. Nifty is trying to hold the levels, with support of pre-budget buying possible in coming period.

I believe with support of my earlier observations based on planets that Nifty may try to reach close to 18200. But, due to moving very slow lord of share market this may show variation. After office hours, lord of share market will start transiting direct, which will start supporting banks.

Since, Saturn has moved in Aquarius sign, impact may be seen on Ukraine and Russia war. Keep  a watch on any news related to the area.

Areas linked to estimated budget will be key for the day. I will prefer to look for sugar, engineering, defence, IT, communication, entertainment, sports, alcohol, spirit, FMCG, infrastructure (in estimation of budget), automobile, oil exploration, power related non-traditional segments (budget related), chemicals, automobile ancillaries, edible oil, and many more including dairy and leaf-based segments including coffee etc.

Nifty may try for 18200, but chances of sell on rise will be maintained.

Indian Currency

Indian Rupee may trade in between 81.20 to 82.00 per USD.

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