Daily Forecast – Share Market – January 15th, 2025
Keep a watch on Banks (Indian and foreign) | Nifty range 23125 to 23300
Jupiter, Sun with Saturn leads the day, well supported by Moon, Mercury, Rahu and Venus. Various segments may be showing movements. The impact of this retrograde Jupiter will be seen clearly, hence ups and downs are possible during the day.
Even then Rahu may try to drag the market onto the upper side or can give wave. That means with cautious moves, market may show upside movement (possibly with care).
Foreign cues may remain mixed. Indian market may respond to results. Nifty may inch towards 23300. It will be better to watch FIIs, they may further go for selling. Nifty may try to hold the levels of 23150 or so.
Areas like textiles, fertilizer, agriculture, sugar, non-traditional, fashion, automobiles, infrastructure and many more. Watch banks not only in India but also from abroad. Banks may try to show tricky moves. Which may show waves (maybe small waves). Keep a watch on IT, space, energy, and green energy etc. Especially, specific leading names in green energy like Adani etc.
Crude oil may remain around 78-82 USD.
Nifty may remain within 23150 to 23300. Watch trade wisely. Protect funds.
Indian Currency
Indian Rupee may trade in between 86.40 to 86.90 per USD.
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