Daily Forecast – Share Market – January 14th, 2025
Buying from lower levels | Be prepared to test 23000 of Nifty
Weakness in INR may increase
Jupiter, Saturn with Sun leads the day, well supported by Moon, Rahu and Ketu. Importantly, Sun has moved in Capricorn sign, giving aspects to the house and sign of logistics, leaf, communication, IT and many more. This is a good combination. It will be better to keep an eye on such issues.
Nifty may try to protect the levels of 23000. Opening can be bit positive, but planets are indicating weak emotions still persists. Even at the time of buying from lower levels, be watchful, and trade with strict stoploss. Anytime market may try to test 23000 of Nifty (in coming time).
Rahu may give some unexpected movement during the day or in coming time, because of its movements. Rahu’s unexpected sudden upside movement can be deceptive also.
We may see some buying from lower levels, possibly because of inflation data. But overall inflation is clear. INR has lost its base and is heading for 87 against USD. Indicating race is to reach 100 against USD (it seems).
Trade wisely. Nifty may show some buying. But stoploss at 23000 is key.
Indian Currency
Indian Rupee may trade in between 86.30 to 86.90 per USD.
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