Daily Forecast – Share Market – February 1st, 2022

Budget day | Opening may be Positive hopes | Wait during the day

Moon, Mars, Rahu with Venus are leading the day, well supported by Saturn. Today is Budget Day, so, undoubtedly market will have impact of budget in the second half. This is also possible that cues from foreign market may remain better.

Lord of lagna is indicating that direction for the market and nation for the coming year will be set. Not necessary that market feels satisfactory. But first reaction may be for upside can be seen. Sudden movements are also possible. Because combust Saturn is not energising me or exciting me.

This is also true that possibly election link budget, but chances of interim budget.

Market may show good opening. If opens with gap up then wait and watch for the day to progress. Traders can enjoy the sell on rise, buy on dips. Long term investors must wait. Focus may be on popularity, but unemployment for many levels of technical people, non-technical people will be or is important, because they were paying income tax and paid for 10,14,20 years or so, but due to IT industry and in other industries they are suffering. For lower grade, support was giving during pandemic, but what about others who supported with their income to the nation.

Casual traders must be watchful, invest in clean industries. So, that sudden turbulence should ne averted. Wait for the day, then coming period may give some movements.

Focus on Defence, IT industries related with artificial intelligence, or technical intelligence, wait for the cues from international market, agriculture, and alternate energy related areas will be better.

Nifty may open with better hopes. But wait for the movement of day.

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.