Daily Forecast – Share Market – January 29th, 2024

Nifty may show +100 points or so | Volatility also possible

Week may be influenced with Interim budget session

Venus with Ketu leads the day, well supported by Moon, Mars, Mercury and Rahu. Indications are clear that impact of our own activities in coming days may be playing an important role during the day. Interim budget is ahead, within the week it will be placed in the parliament.

Importantly this will be last budget for this parliament, before general elections. Indications from the planetary movements are clear that possibly market may show some upside movement for the day and within the week, at least till budget.

This does not mean that we can ignore volatility. Watch banks due to some news. But watch with care the momentum and news related to banks and financial institutes (results).

EV Automobile and related segments like batteries charging points – keep a watch for the coming time. IT, if available at lucrative rates, then such companies may give good opportunities for the long term investments. Watch infrastructure during the week.

Market may show some positive day, but casual traders must watch their stop-losses. Planetary position in coming period will be changing fast. Activities in all the sections may be seen. Budget may be tilted towards lucrative offers for common person. Real impact will be seen after July 2024 (Watch with care).

Nifty may look for 21500 in coming time. But Volatility is also possible. Crude oil is rising, issues of HUTI is again creating issues and may increase further in coming time. Hence, importance of global Naval forces may increase.

Indian Currency

Indian Rupee may trade in between 82.70 to 83.50 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

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