Daily Forecast – Share Market – January 7th, 2025
Wait n Watch | Protect funds | Emotions on News based | If required sit calmly
Saturn leads the day, well supported by Sun, Moon, Rahu-Ketu, Jupiter (Rx) and Mercury. Indications are clear that news or announcements from government or agency may influence the market. So, it will be better to keep a watch. Lord of Banks is protecting own house, so movements in banks can be better.
Rahu and Ketu can play their role for volatility again, despite opportunities at lower levels. Emotions may be better than previous working day. Remember, INR is losing its base against USD, which may give further impact on inflation. Market may show movements from further lower bases for Budget session. So, pick and choose segments according to the news-based movements.
Geo-political news will also remain important. IT may play some important role along with banks.
Keep a watch on News once again, because yesterday’s market was affected because of news flow. Technically, buying option is weak, I must say that it will be better to watch the day, and if not required then avoid buying, if any weakness persists, use the weakness. That means Nifty may look for 23200 also. So, watch and guard your money. Banks will certainly give opportunities at lower, because its lord is protecting its house.
Look for the opportunities. Protect your funds. Wait and watch will be better for the day. Only on decent rise use the time. Crude oil may remain within the range of 74-77 USD.
Indian Currency
Indian Rupee may trade in between 85.30 to 85.90 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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