Daily Forecast – Share Market – January 31st, 2023

Volatility Not Surprising | Avoid Illusions | Trade with stop-loss

Moon, Venus with Rahu are leading the day, well supported by Mars and Saturn (combust). Foreign cues may not be decent, but budget is expected tomorrow, may influence the market sentiments or may be driving force for the today’s trading.

Even then, news from foreign lands can not be ignored. They are important not only for the market but for global scenario (in coming period). Combust Saturn may disturb political issues and other working of various areas. Karfal period has started, JAISE KARM VAISE FAL. Saturn may reward or Punish anyone, either a layman or anyone including nation(s).

Crude may remain under pressure on date, INR is maintaining its position. Recovery of previous day may get little bit of encouragement. Even then Rahu Venus are again indicating volatility (if any) then will not be surprising. Market may still remain below 17800 (possibly). Again stop-loss will be important.

I EXPECT BUDGET WITHOUT ANY OUT OF THE BOX (based on combust Saturn). Possibly market may not be much emotional gain from Budget.

Movements in Logistics, travels, rubber based segments, leaf based, coffee, engineering, Defence, Power, infrastructure, IT (depends on individual companies), alcohol, by-products of sugar, artificial intelligent related areas, aviation (defence related), space related, web or communication, entertainment, container, water related areas, and many more segments may try to react on Q3 results.

Stock based movements better. Nifty may try to breach 17750. News from Finance Minister – Economic report.

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.