Daily Forecast – Share Market – January 10th, 2024

Nifty may look for 21625 | Sell on rise possible

Ketu with Mercury leads the day, well supported by Mars, Rahu and Venus. Because of Geo-political situations, crude oil is under control. At times this gives a alert note for the consumption theory. But currently, because of global situation, crude is under control.

Banks are still not supporting whereas lord of the banks is supporting own house, but due to placement is in the house of uthapatak with the lord of foreign lands and Sun+Moon (forming Amavasya). That means UTAR-CHADHAV in the profitability or in the market.

Sell in rise but, watch the upper levels, if by chance it sticks to the upper levels, then wait and watch. Asian market may give some better indications, but overall indications from globe is not comfortable.

Watch IT, automobile, pharmaceuticals, banks and financial institutions (these are the main players for our business areas), infrastructure, oil exploration, but areas for oil marketing companies, automotive ancillaries, railways, aviation, defence related to naval, and others, textiles, leather, paper with many more may be giving movement to the market. Even then watchful day, chances for sell on rise will be better.

Nifty may try to look for 21625. Stop-loss will be key.

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.