Daily Forecast – Share Market – January 27th, 2025
Budget Week may show cautious start | Watch banks with care
Jupiter, Sun with Moon is leading the day, well supported by Saturn and Venus. Importantly, Jupiter has started slowing down its speed, because on 04-02-2025, will start transiting direct. This may give impact or news on crude oil. As now US President has started giving indications for crude oil.
This week we will have Union Budget, even then market is not coming out of weak sentiments. Normally, many taxes (GST etc.) and Prices (energy etc.) are announced through out the year.
Market is not showing any encouragement. Indications for selected movements. Secondly, banks are not in good health. Results are again not supporting the market. FIIs are still selling.
Watch banks with care, along with steel, whatever is the trend, watch the trade with care. Reason is from tomorrow, lord of lagna Venus will move with Rahu.
Pressure on upper levels will not be a surprise. Global news and local results will be important for the indications of situation of companies. Consumption from middle class is reflecting because of unemployment, high inflation (actual for common man – this includes education, health, food and many more).
Nifty may test 23000. It is Surprising that during the budget – entire month was week. INR is weak. Crude oil may show some pressure. Hence oil marketing companies may remain better.
Indian Currency
Indian Rupee may trade in between 86.00 to 86.60 per USD.
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