Daily Forecast – Share Market – January 24th, 2023

Gap-up (if) book profit on Upper |Allow the market to settle, then enter

One week to Budget, Market cautious, but better for a while

Sun, Moon and Saturn are supporting the leader of the day, Venus, Mars with Rahu. Indicating that cues from foreign trade or markets may remain strong and local cues may also be supportive, so market may try to show buying from lower and look for upper side (for a while).

Moon is forming decent relationship with Mars and Mercury, so hopefully we must look after foreign cues time to time along with banks. Although both may be doing better, even then it will be wise to keep an eye on news related banks and foreign cues.

Remember, tomorrow will be series expiry for January 2023.

We have entered in the period of budget, which may give break through or break down to the market, which is well awaited. It will be wise to trade with care at least till 02-02-2023. Casual traders – be watchful.

Areas like banks, financial institutions, power, infrastructure, automobile, keep a watch on Tourism, travel, leaf based segments, be watchful with IT, communication, sugar, agriculture, reality, metals, keep a watch on Insurance, research/analysis related segments, Pathology laboratories (watch with care), alcohol, non-traditional segments, renewable energy, also keep a watch on containers related segments and many more.

Time to flow with the wind with strong stop-loss. Nifty may show again +100 points. Ups and downs not surprising stock wise.

Indian Currency

Indian Rupee may trade in between 80.90 to 81.70 per USD.

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