Daily Forecast – Share Market – January 21st, 2025
Nifty may look for 23450 or prepare for 23500 | Stoploss imp.
Jupiter with Sun leads the day, well supported by Moon, Mars (Rx), Saturn and Venus. Importantly, Mars has moved back in Gemini sign from Cancer sign, hence may behave like a fallen planet. That means support from foreign cues may not be so important for our market for the time being.
This change in the position of Mars indicates that chances for electronics and electricals (chances at least related budget), watch banks again, budget may show some news related to exports, possibly to reduce trade deficit. But it will be better to increase manufacturing sectors, so that companies can check their cost of production and feel pressure to compete with imported goods.
Last 9 days before budget or in other terms last 9 trading sessions away from Budget 2025-26.
Mars is indicating that impact of change in foreign politics may not give impact on our business sessions during this fortnight. Remember, our economic situation of companies – are they justifying their market values of equities? FIIs are still on selling mood.
Even then Banks and financial institutions may play some important role during the day. Watch metals etc. Keep a watch on IT, space, infrastructure, power, textiles, pharmaceuticals, healthcare, chemicals, acids and many more may be showing movements. But selected companies may try to pull up this market.
Nifty may look for 23400 or above or in other terms market may prepare for 23500 in coming time.
Crude oil and currency may play some better role for our market.
Indian Currency
Indian Rupee may trade in between 86.00 to 86.60 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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