
Daily Forecast – Share Market – January 22nd, 2025
Nifty may try to hold levels | Stoploss important | Protect funds
Jupiter with Sun leads the day, well supported by Moon, Saturn, Rahu and Venus. Movements in various segments can be seen. It will be better to go company wise, or news based for trading. Because the budget time has started.
Result base movements in the market. As it is mentioned in the earlier reports that consumption theory of India is now on backfoot, because of Inflation, unemployment, weakness in growth in middle class etc.
Now, despite of close distance of budget, sell on rise is possible. Indications for casual traders, it will be better to wait n watch, unless any clear direction. Which is missing.
Poor sell in market of various segments or companies, NPAs of various banks can give some picture for the period.
I do not feel long term investments at the moment will be better. Reason is Planetary movements (like falling planet – Mars), combust Mercury and coming up Atichari Jupiter.
Global scenario for inflation is again alarming. India’s situation is well known to us, especially food, health care, education and insurance inflation is hurting layman.
Electronics and electricals may remain better for the coming time along with space, defense, infrastructure, railways, and many more related chemicals, pharmaceuticals, shipping, cement etc. Many segments may be showing movements but remember that results and other news may be influencing the market.
USD may face some weakness in coming time, but INR is still weak.
Protect funds (causal traders). News and other issues may influence this market. Market may try to hold the levels. Even then stoploss at 23000 of Nifty better.
Indian Rupee may trade in between 86.40 to 86.90 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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