Daily Forecast – Share Market – January 30th, 2023

Budget week | Trade with care | Avert Illusion if any in coming period

Rahu, Moon with Venus are leading the day, well supported by Mars, Saturn and Sun. Importantly Venus and Rahu may give a sort of illusion view (rosy or dream) in coming period. It will be better to pick the stocks based on value and reliability of companies. Wait to pick.

We are just two days away from General Budget 2023-24. With a hope 2024, will be a General Election year. One of the important periods for the market or before Local market. On 31-01-2023, Annual Financial details will be presented to nation. On 01-02-2023, Finance Minister will be presenting Budget in the Parliament.

Mixed event impacts from Global. Geo-Political issues, domestic issues like one of the Giant group of India and its impact on banks etc. may also give impact in coming period. Iran may affect crude oil in coming period. Today night Saturn will enter in combustion stage. That means Karmfal (results of karmas).

Our own issues – Inflation, unemployment, disturbance due to one of the biggest group’s news from foreign areas.

Rahu may give suddenness again. This may surprise the market also. Illusion also possible during the period.

It is a time to go with care. Impact of high prices of Petroleum products in India, including cooking gas, which are affecting our life.

Question is – are we going to breach 17400 of Nifty, in coming period?

It will be better to focus on company wise. Budget estimation – possibly, balanced, government may go for interim budget for General elections.

I may prefer to go for safe trade. Because big bulls or bears may lock their horns (Rahu is indicating) Which may affect the market. Tumbling in market is quite possible during the period. Trade wisely. Only company based buying will better.

Allow the market to settle down. Tumbling in banks possible in coming period. Play safe.

Good Luck.

Indian Currency

Indian Rupee may trade in between 81.10 to 81.90 per USD.

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