Daily Forecast – Share Market – January 9th, 2024

Nifty may remain 21400-21600 | Sell on upper if required

Ketu with Mercury will lead the day, well supported by Mars, Rahu and Venus. Global utha patak in crude oil expected – possibly because of China’s activity for crude and others. They may approach any other country which may be under sanction by US etc. So, they may try to breach the norms of the market. This may give pressure on the Oil market.

USD may show some under control against INR, because of bond yield of US.

As mentioned in my previous posts that buy on dips will be better, certainly may give advantage today. Even then stop loss at 21400 will be better. Nifty may try to show pullback at 21600 but chances of dip to lower levels of 21400 or may be less.

Banks and financial institutions are showing pressure. So, watch them closely, if they can come up then wait and watch at the lower levels or sell. Try to trade with careful study.

Global situation – FIIs may be playing again important role on our trading pattern.

Gold – trade with care. Possibly some pressure in long term. Crude may remain around 77 USD or some pressure may be seen in coming period.

Oil marketing companies, automobile, batteries, sudden changes in automobile sector on either side, engineering, defence related segments, banks, IT, communication, space and defence related to aviation, naval related manufacturing (defence based), steel (watch), power, infrastructure, sugar, textiles, leather, FMCG, fashion and many more may be showing movements.

Nifty may remain within the range of 21400 to 21600. Buy on dips and sell on rise.

Indian Currency

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

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

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