Daily Forecast – Share Market – January 3rd, 2024

Nifty may look for 21700 | Trimming on upper levels possible

Ketu with Mercury is leading the day, well supported by Moon, Mars, Rahu, Saturn and Venus. Only Jupiter is not active, otherwise entire horoscope is active. But both the signs of Jupiter are active. Indirectly movements in all the segments are active. Indications are clear that market may show buying from lower and pressure on upper levels.

It will be better to keep a watch on banks and financial institutions, to buy at lower levels, so that in coming period one may get benefits.

Maily malefic planets are in support, so chances are that pressure on the upper levels will not be a surprise.

Nifty may struggle for 21700. But it will be better to play wisely. During the first month of 2024, we may see sudden changes. Jhataka is also possible. This can be due to some political reasons (globally).

Government’s sudden policies may indicate that due to full majority, we may see laws, which may dissatisfy the section of public, but due to election ahead, they may have to go on backfoot. Certainly, this may give impact on our lifestyle.

Many areas may remain active, impact on global market may be seen, because they will start functioning first time in 2024, so they may give some impact on our market. So, trade with care.

Nifty may look for 21700. But sell on upper levels at any moment is possible.

Indian Currency

Indian Rupee may trade in between 82.60 to 83.50 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.