Daily Forecast – Share Market – January 17th, 2025
Local cues, results will be key | Direction after 12:44 Hrs (IST) Possible
Watch Infosys and IT
Sun, Jupiter with Venus leads the day, well supported by Moon, Ketu and Saturn. Crude oil may have an impact on the economy in coming time. INR may remain another cause of concern against USD.
Foreign Reserve funds levels have gone down in notable way. Possibly because of deficit trades. RBI is still using reserves to contain fall of INR against USD. This is again an alarming situation for inflation in coming time.
Fortnight away is Budget for 2025-26.
Possibly cautious movements in the market can be seen. Market may show changes after 12:44 Hrs (IST). Possibly because of results, market may have own ideas to show movements. Indications for the planning of Budget session. Use this time for company wise will be better. But for the safe side, wait for the base levels of Index.
Watch leaders of the markets like Reliance, Infosys etc. Banks can also play important role. Bank Nifty can play tricky movements. Watch banks with care. Stock specific movements possible.
Market is still looking for cues from any source. Next week may propel market for pre-budget session, which is just a fortnight away.
Nifty may remain within range. But changes after 12:44 Hrs (IST) possible. Market may come see decisive movements because of local reasons (like results, budget and others).
Indian Currency
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