Daily Forecast – Share Market – December 11th, 2024
Nifty may remain again around 24400 to 24700 |Company wise buying better
Market may behave like previous day | Global and local cues waiting for direction
Saturn, Moon with Mercury (Rx) leads the day, well supported by Ketu, Rahu and Sun. Possibility of volatility in the second half of the day. Otherwise, movements will be seen in early hours of the day. Lord of share market is preparing to start transit direct from 15-12-2024. Hence, for us slowly and gradually, speed of Mercury will slow down, impact may be seen on the market – possibly low movements (Chances).
Banks and financial institutions with IT may try to recover from the lower in the coming time. Still, I believe, market may prefer to listen new RBI governor. Reason is inflation is key reason for poor performances of companies or in other words, increasing energy cost, no stable cost for energy, may be one of the reason. This is fluctuating like a mandi. Whereas corporate sector and others need such important item with some stability.
I believe that on date Nifty may roam around 24400 to 24700. Trade wisely.
Movements in many segments can be seen ups and downs like previous working period can be seen. Emotions are still confused. Political situation looks like stable, but still Jupiter in lagna may try to crate some issues after January (when will start transiting direct).
Trade and enjoy the day. Overall, I feel this day show some activities and may give some opportunities from day after tomorrow.
Crude oil prices may remain around 70-74 USD. This indicates global demand is not good. US market is not giving comfortable indications, similarly China may also show some pressure at least initially.
Nifty may show buying from lower and selling on upper again. But not major movements.
Indian Currency
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