Daily Forecast – Share Market – January 13th, 2025
Nifty may see some pressure | Watch for first hour of Opening
Jupiter with Sun leads the day, well supported by Moon, Rahu, Ketu, and Jupiter (Rx). Impact of weakness in INR and rising crude may be seen in various segments.
Global cues may not remain good, rather some pressure can be seen. Specific reason is buying of Bonds in US, investments from the market is withdrawn and investment in bonds have increased.
We may see – pressure on upper levels and Nifty may see the levels around 23200. It will be better to consider for first hour of the market. Possibly some changes can be seen after 10:30 Hrs (IST). But emotions may not change during the running period. The economy has to justify the market in the coming time.
Pressure on INR against USD. Crude oil may also cross 80 USD or may see range of 80-84 USD. This will be another reason to impact on inflation. We can expect further increase in inflation levels. Values of our savings are going day by day.
Earning of common is decreasing in terms of inflation, INR Vs USD etc.
Market may justify such figures in the year 2025.
I feel that pressure on upper levels and people may try to look for the opportunities in selected companies. It will be the right point to go for good companies. Otherwise wait and watch.
Nifty may look for 23200. Will this market test 23000 of Nifty during the week? It can be possible. IT based US market, so watch IT in coming time.
Indian Currency
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