Daily Forecast – Share Market – February 2nd, 2023

Wave like situation | Volatility or impact Of Rahu sudden rise/down Possible

Rahu Holds the key with Moon and Venus, well supported by Mars + Saturn. Importantly, sudden movements, waves or illusion like situation possible. News from local areas will be influencing the of movements in the market during the day. Global cues may again give little bit indications.

News from US and China market will be another factor in the market. That means possibly sudden changes in the market with sharp moves.

The same we have seen in previous day’s market. Upward and then swing to dip. Nifty dipped around 5-600 points and similarly senex from 1000 n odd points to 100 n odd points.

It was mentioned in my post on previous day – to be watchful with illusions.

Today is again wave like trade possible. Budget emotions are over. FED report from US was positive. Today is weekly expiry. So, pressure is possible despite of positive news from US. Our survey report placed in table on 31-01-2023 says COVID threat is now over (on economy).

Equity wise buying or trade will be better. Banks also individually may show movements and same with IT and other segments. Keep a watch on automobile tyres, batteries, logistics, infrastructure and electronics with defence and related aviation may be better for long. Travel and tourism may be better.

Nifty may remain between 17500 to 17800. Crude is within range. Keep a watch on Gold and silver.

Indian Currency

Indian Rupee may trade in between 81.30 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.