Nifty Prediction : Stoploss at 21450 and Nifty may try for 21650
Daily Forecast – Share Market – January 31st, 2024 Stoploss at 21450 and Nifty may try for 21650 Cautious movements expected | Watch textiles Moon and Venus are leading the day, well supported by Sun, Mars, Mercury, Rahu with Ketu. Market is indicating cautious moves because of election based interim budget. This may give focus to attract various sections of populations – just to do patch up work related to females, Moon will be involved means for youth, and persons related to rural segments (majority of persons still effective there – I means rural needs much more support than urban). Market will be preparing for budget session on tomorrow. Secondly, February 1st, will be important for the market because of budget and impact from US or foreign markets. Results for third quarter may play role for various companies. That means chances of mixed day possible. Moon may show Flicker mood. Cautious movements can be seen. Although, IT, transport, railways, logistics, space and related segments may be better for the coming period, along with defence related companies. If, global peace can be maintained in coming time, then growth (economic – global) may show improvements in coming years. Possibly, 2025 may bring better period for economy optimism (globally), I have not commented for our economy (per capita income wise). China’s stimulus to various segments (local) may give support to the market. Their Anterdasha will be supporting them in coming time. Stoploss at […]