Daily Forecast – Share Market – December 5th, 2024
Indecisive emotions | Nifty may try for 24550
Sun, Mercury (Rx & total combust) with Saturn are leading the day, well supported by Moon and Rahu. Support from financial institutions and banks may not be strong. Similarly the share market may feel indecisive. I agree that this lord of share market is supporting the lagna of India’s Horoscope and lord of profit and gains of the share market.
That means possibly some gains with cautious movements may be seen. Nifty may try to look for 24550 or so. Stoploss at 24200 will be better. Buying above 24350 may be seen.
That means movements may not be much supported by lord, other planets may be playing their role. The Lord of foreign lands is also heading for minimal speed and from day after tomorrow, will start transiting retrograde.
Movements in many segments may be seen. Keep a watch on engineering, textiles, automobile, real estate, power, infrastructure, health care, alcohol, IT, communications, space, defense related segments and many more.
Crude oil may also be maintained around 71-74 USD. INR may remain under pressure to USD
Watch the trade and if possible then look for opportunities. Nifty may look for 24550 and stoploss at 24200 will be better. Still indecisive emotions persists.
Indian Currency
Indian Rupee may trade in between 84.40 to 85.00 per USD.
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