Daily Forecast – Share Market – December 24th, 2024

Nifty may look for 24800 | Nifty may test 24650 Also | Volatility Possible

Range bound trade | Stoploss at 24600

Saturn with Moon leads the day, well supported by Sun, Mars (Neech rashi and Rx), Rahu, Ketu and Jupiter (Rx). Again, exchange of lord of share market from Neech rashi and reversal movements, with the lord of lagna of Horoscope of India, means leader of nation and cabinet may give impact on the market for the day. Ups and downs or sharpness can be seen on either side.

Foreign cues may give some impact on the market. As I have mentioned earlier that government has geared up for Budget 2025-26, which means market will also preparing for the budget.

Global cues and budget may try to give some reversal from the lower levels. I must say that movements can be for next two months with some ups and downs, profit bookings and after that situation may be bit different. So, one can start thinking for the Next two months planning.

INR is set to be above 85 against USD. Crude oil may remain again around 71-74 USD.

Banks may remain better, IT, communications, logistics, leaf based, e-commerce related to food (because of festive mood), this means market overall has weak strength, but because of news and other issues market may show movements. Many segments may be showing movements.

I must say that Rahu and Ketu can play deceptive moves at any time. So, watch with care.

Remember tomorrow will be a holiday for the market.

Indian Currency

Indian Rupee may trade in between 84.70 to 85.40 per USD.

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