Daily Forecast – Share Market – December 18th, 2024

Nifty may test 24250 (close to the values of 22-11-2024) | Look for Opp.

Saturn with Moon leads the day well supported by Sun, Rahu and Ketu. Impact of foreign cues can be seen during the day. Especially, US market and Japan market may give its impact on our market.

Possibly, because of repo rates will be important for the US market. The economic situation needs a supportive system. Labour market in US is tough. US will be facing change in Power from 20-01-2025, so because of different thinking some issues will be seen in the coming days.

INR may show some dip, may cross 85 against USD. Crude oil prices may remain within the range of 71-75 USD.

Selling will not be a surprise by FIIs. Nifty may test 24250, Nifty may look for 24200, as I had mentioned in my earlier reports that Nifty may come back towards 24200 (values of Nifty values of 22-11-2024, mentioned in my 22-11-2024 reports). On the upper side Nifty may try for 24500.

Bank Nifty may give opportunities for the coming time. Remember, Budget is ahead (end of February 2025), so preparations by the traders is already started.

Movements in almost all the segments may be seen. India’s economic issues will be important in 2025. Plan accordingly.

Watch engineering, mechanical, textiles, fertilizer and agriculture related segments. It will be interesting to watch leather, sugar and related areas.

Volatility expected because of Rahu and Ketu.

Use lower levels for the coming time. Buying at lower levels will be better. Nifty may test 24250. Technical people may give days wise values and event calendar etc.

Indian Currency

Indian Rupee may trade in between 84.70 to 85.30 per USD.

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