Daily Forecast – Share Market – January 12th, 2024

Nifty still within range of 21550 to 21700

Waiting for News to breach either side

Ketu, Sun with Mars are leading the day, well supported by Mars and Rahu. Malefic Moon is forming relationship with Jupiter, indicating that sea related activities may not be supportive, chances of two nations may be involved in movements of crude oil or likewise – shipping related issues. Which may give impact on crude oil or inflation (at least for a while).

IT may show movements during the day. Nifty may remain within 21550 to 21700. That means chances of stabilizing the levels of market are better, but election year may give sudden changes also.

Even today, ups and downs are possible. Ketu is trying to pull up the market, but sentiments may still remain shaky. But levels may remain maintained.

IT, communication, banks and financial institutions, chemicals, metals, engineering, defence, power, automobile, automobile ancillaries, automobile tyres, petroleum exploration/marketing, gas related, leaf based segments, coffee, FMCG, alcohol, glycol, communication instruments, space and related many segments may remain active during the day.

Nifty may remain with in the range of 21550 to 21700.

Indian Currency

Indian Rupee may trade in between 82.80 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.