Daily Forecast – Share Market – December 16th, 2024
Watch IT, Cement and Steel |Buy on dips and trimming on upper levels | Movements cautious
Is Market preparing for 25000 of Nifty?
Saturn, Rahu with Moon leads the day, well supported by Ketu and Sun. Importantly, all the planets are transiting alone, no conjunction. Horoscope positioning wise good placement.
Lord of share market, financial institutions have started transiting direct. That means lord will be in a position to give its impact on the market in a natural way and help to set the direction for some times. I believe the market may be preparing to recover from lower levels. So, be prepared for a better moves in coming time.
Watch IT, Cement and Steel, Movements with Open moods possible in the coming week
Lord of foreign cues is transiting retrograde and in debilitated sign, so global cues may give mixed indications and many political issues can be seen in geo-political movements. Impacts will be seen on geo-political relationship in coming time.
Lord of profit and loss is exchanging aspect with the lord of banks and financial institutions, some news may come in coming time, which may give impact on certain companies or may hurt sentiments, but direction will be set till budget or big political events.
Sun has moved in the house of ups and downs, that means it may give impact of political or government news/announcements etc. or other related issues. Rise and fall during the week, because of selected segments (budget planning). Only two and half months left.
Buying from lower levels will be seen with some lazy moves, because lord of share market will be moving slowly for us. But soon it will pick up speed. During the day. Look for opportunities in areas like infrastructure, travels, railways, engineering, textiles, leather, fertilizer, agriculture related segments may be showing movements, keep a watch on sugar and its related products, alcohol, petroleum exploration
Repo rates may see changes in many global countries like US etc.
Crude oil may remain in between 72-76 USD.
Indian Currency
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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