Daily Forecast – Share Market – January 20th, 2022

Nifty roaming around 18000 to 18200 | Trade with care (casual traders)

Venus and Mars still holds the key for the day, well supported by Sun, Moon, Rahu-Ketu and Saturn. Foreign cues may not remain comfortable, reason slow and gradual stepping or marching news for fear of recession. Job concerns – means sacking from companies (not a company and not only in one company). India is/may also face job concerns, because we are not manufacturing IT products, we are doing job work, and other related service industries.

Results of various companies may guide their numbers of Q3.

I agree that lord of banks is supporting to own house, but due to some or other reasons, this is trying to hold the levels, but not coming up. Buy on dips and sell on rise.

Indian market is preparing for budget session and budget, which is in the next week. Estimated Segments/companies which may get the advantage in budget are on the mark.

Nifty may remain lazy or slowly rise. Better to say with care is moving ahead. May again look for 18200. It is roaming around 18000 to 18200 of Nifty values. One may say that Nifty is forming base, but after budget (say after fortnight), real scenario.

Areas like automobile, automobile tyres, power, infrastructure, reality, oil exploration companies, defence, metals, Gold, silver, copper, sugar, textiles, leather, pharmaceuticals, IT, communication, information data related – just dial, keep a watch on banks and financial institutions, non-traditional, alcohol, entertainment, sports related and education with many more segments may remain active.

Trade with care, buy on dips and look for opportunities on Upper levels. Nifty may look for 18200.

Indian Currency

Indian Rupee may trade in between 81.00 to 81.80 per USD.

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