Daily Forecast – Share Market – December 10th, 2024
Nifty may look for 24700 n stoploss @ 24450 | Watch banks for now
Saturn with Sun leads the day, well supported by Moon, Mercury (Rx) and Jupiter. Indirectly entire horoscope is active. So, chances of movements in all the segments may be seen during the period.
Yesterday also, movements in all the segments were seen. Because of performances of last quarter market is influenced. Remember, because of poor demand in the market and lack of Macro planning (neither by companies nor by government), performances of the companies may further show lower levels. I feel because of the Justice by Shani dev, companies and every agency should announce real data.
IT has faced slow down since Ukraine war or we can say, since Saturn has moved in Aquarius sign, now time for IT should start in next 2-3 months, because US is also doing better in IT, and we are mainly service industry. Anything based on our own market, may show further low – like automobile.
When automobile is down, that means entire segments are not performing well or purchasing capacity of buyers have gone down. Automobiles are one of the strongest indication. Middle class is worst affected by this inflation – major chunk goes to Education, food, healthcare and energy – these all are very important for middle class.
Watch IT, communication, space, logistics along with infrastructure etc. Railways and many more. From next month anticipation for budget movements will be seen. Giants may have started preparation from now onwards.
Major markets like US and China are not positive from past trading period. Now, our market is influenced with the same.
Giants are trying to pull up the market so that they can use the market. I must say that 10% dip is not a big dip. So, still chances of dip are open, because without proper economic base market has moved a lot in 2024. Only based on political reasons, market has gone up.
Buying from lower levels and sell on upper levels possible. New RBI governor will be resuming his duties.
Crude oil may remain stable. INR is weak and it may look for 85 in the coming time.
Indian Currency
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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