Daily Forecast – Share Market – December 19th, 2024
Gap-down possible | Sell on rise | Planning for Budget on
Saturn with Moon leads the day well supported by Sun, Mercury, Rahu and Ketu. Movements in various segments can be seen. It will be better to watch government agencies, decisions by Judiciary and other authorities in the coming time.
Global cues may not remain supportive. Mainly our market respond according to the global cues. Inflation is key point of concern. Crude oil may remain with the same values.
We may see testing of 24000 of Nifty during the week. Stoploss will be playing important role. In between it is difficult to say that today market may try to recover. Direct transit of Lord of share market has changed the direction of trade from Monday, because last trade prior to Monday, it was a rise, so the lord of the share market has reversed the trading pattern.
This will give an opportunity at economical rates for planning the budget. FIIs are still on sell.
Rahu and Ketu may give some volatility or indications for the coming time.
Nifty may test 24000. In case any gap down opening. Be careful if you have gone for short, then try to cover this.
Indian Currency
Indian Rupee may trade in between 84.70 to 85.30 per USD.
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