Daily Forecast – Share Market – December 2nd, 2024
Nifty may show some Positive moves | Cautious Movements better
Watch our Domestic Economic Data | Uncertainty still Persists
Saturn, Mercury with Moon leads the day, well supported by Sun and Rahu. Lord of share market and emotions are transiting in the house of ups and downs, suddenness, so changes in emotions can be seen during the day.
Keep a watch on domestic issues. This week credit policy will be seen on Friday.
Even then recovery from lower levels possible. I must suggest that recovery can be temporary. Because planetary movements of Key planets are changing for during the week and may give its impact on the market accordingly.
Keep a watch on FIIs and FPIs. They are not buying. Rather they are liquidating their investments or trades for the time being. GDP of nation for the past quarter was affected, because of poor purchasing capacity of middle class. Increasing inflation of edible and education etc. Banks are facing deposits issues.
Automobile industry had mixed sales in November 2024. It will be better to look for companies performance and move accordingly.
IT service industry has to face issues according to foreign market’s performance and demand. Even then some base may be possible for IT, communication, space and aviation (defense related) segments for the coming two and half days. Keep a watch on Banks and financial institutions. Q2 performance of Corporate India’s performance was weak. Inflation is persistent.
I do not feel that government will give a change in the policies to practical support to MSMEs. For mass employment solutions, MSMEs can play big roles.
Geo-political issues are not good. Market may remain cautious, despite of some positive movements during the day.
Indian Rupee may trade in between 84.30 to 84.80 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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