Daily Forecast – Share Market – December 12th, 2024

Market may remain range bound | Buy on dips possible

Deals may give impact on related companies

Saturn with Moon leads the day, well supported by Sun, Rahu, Ketu, Mercury and Venus. Indications are that some Volatility possible, news or policy may have impact on the market.

Keep a watch on local political issues.

Previous working day showed some positive recovery from lower levels and closing in the positive side (for data persons).

This non-directional market is either trying to hide some important feature or really has nothing to set the direction. Chances of some direction from 16-12-2024 possible. Global cues may remain confusing. Mixed possible.

India’s Inflation data may give direction for the coming period. New RBI governor may be setting new directions for the nation – for inflation etc. The outgoing RBI governor had clearly mentioned that work on inflation is essential.

News from China will also be important for the coming time. Chances of export may further show tough field for our companies. Trade deficit may further increase, possibly because of our relationship other nations.

Market may see some base forming movements. Infrastructure and automobiles may be showing forming a base based on news etc.

Today is day of expiry. Remember ups and downs possible. After this market may show some slip. FIIs can play further important role.

Nifty may look for 24725 but do not forget to fix a stoploss at 24500. I believe that market may again remain range bound system. This may indicate for further gap of range.

Market is waiting for the proper direction. Dip in coming time will not be a surprise. Budget preparation is on. Crude oil prices possibly may remain within 74 USD.

Indian Currency

Indian Rupee may trade in between 84.40 to 85.00 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.