Daily Forecast – Share Market – December 20th, 2024
Nifty may test 23850 and Plan for 24100
Select your stocks for Budget but wait for buy
Saturn, Moon with Ketu leads the day, well supported by Sun and Rahu. Market may try to show buying from lower levels. Remember sell on upper levels will not be a surprise, but Ketu may indicate for the buying at lower levels. But Volatility in future is also possible. So, cautious moves will be better despite of opportunities at lower levels.
Some impact of RBI’s release of data can be seen either today or on Monday.
US market may give better indications for trading purpose. Because of transit of Saturn in China’s house of finance, they are doing restructuring of their financial approach. After March 2025, efforts from China will be very strong. So, this may give impact on neighboring nations.
IT companies – keep a watch, were under control, time may give some indications for the future – that means chances of IT may remain better. Even then watch and use the period.
I am again confirming this sell on upper levels can be for the planning of budgetary buying at better rates. That means just after announcement of budget market may show again slump.
Nifty may test 23850. Nifty may plan to go back to 24100. Wait and watch.
Keep a watch on IT, automobiles, communication instruments for Naval, aviation and other related segments. Keep a strict watch on banks and financial institutions.
Market may look ahead from the coming week. Watch political news and steps by the government to support many aspects related to the business.
Nifty may test 23850 and plan for 24100. Crude oil Prices may again remain around 72-75 USD. INR is under pressure.
Indian Rupee may trade in between 84.50 to 85.00 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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