Daily Forecast – Share Market – December 17th, 2024
Mixed day possible | Volatility Possible | Look for Opportunities
Saturn with Moon leads the day, well supported by Sun, Jupiter (Rx), Rahu and Ketu. Volatility is possible but use this for the coming time. This may give some opportunities at lower level.
Global cues may not be supportive, reason – no proper recovery in retail sell. Few nations can review GDP targets, after political changes. In India we may review probably after budget this GDP target. May be RBI governor can review in his reports or any other means may give indications for low GDP in 2025-26.
Cashflow in the market in coming time may give impact in strong way. Watch FIIs, they may still keep of sell.
Remember, keep a watch on IT, communication, defense and infrastructure, railways, dairy products, rubber based segments, leaf based segments (Tea etc.), coffee, edible oil, sees based products, sugar, textiles, leather, alcohol, non-traditional segments,
Time to look for opportunities at better values during the last phase of the year 2024.
Nifty may remain within the range of 24500 to 24700. Let the nifty break 24800, so that can look for 25000, which may take little more time.
Indian Currency
Indian Rupee may trade in between 84.30 to 85.00 per USD.
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