Daily Forecast – Share Market – August 12th, 2024
News related to Hindenburg may have impact | Trade wisely
Moon with Jupiter leads the day, well supported by Saturn, Ketu, Mercury and Venus. Importantly, lord of foreign lands is in conjunction with Jupiter, so the news from foreign may give impact on the horoscope or better to say on the share market, this time possibly agencies related to law may also give a direction to the news.
Lord of share market and banks is indicating that at least once will try to reach towards the opening values of the market on 05-08-2024.
Volatility in the market is possible. Impact of Hindenburg is also expected during the week as we shall be celebrating our Independence Day. Political Hungama is also expected. I agree that Parliament session if over for a while, but strong political activities may be seen related to the matter in the coming time. Which may have impact on the market accordingly.
I believe that bubble created by big bulls may again hurt the innocent traders. Those traders, who are investing their hard earned money after paying decent amount of taxes, health cover and life cover with GST on such areas are innocent for the trade. They believe that possibly they can get better earning in comparison to the savings in banks.
It will be more impact of outside activities on the market than the local activities. These outside activities can be serious or non-serious on our economic system – time will guide us. But Be careful during the day.
Trade wisely. Protect funds.
Indian Currency
Indian Rupee may trade in between 83.60 to 84.20 per USD.
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