Daily Forecast – Share Market – January 7th, 2025

Nifty Look for 26250 and test 26050 | Buy at lower and sell on Upper

Venus (totally combust) with Jupiter leads the day, well supported by Rahu and Ketu. Remember, again planetary war between the lord of foreign lord (which is defeated) with the lord of lagna of Horoscope, which can be little bit better, but both are AST (Combust totally). So, I do not expect much of movements on either side. Rather buy at lower levels and pressure on upper levels possible.

Still I believe that stoploss at 26000 will be better. Nifty may range between 26250 on upper side and lower side can be up to 26050.

We may see some changes in the pattern of the trade around 11:55 Hrs (IST). It will be better to watch the trade pattern and then react for the day. Market has surprises, possibly because of disturbed global activities. Some stable direction of trade (possibly) can be seen after 11:55 Hrs (IST) or around this hour.

This year Gold can give better gains (including by way of Hedge). Silver may rise, but is controlled by States, and if any country will try to force globe this silver as a rare earth metal, then it will not be a surprise for me.

Crude oil prices may remain around 59-63 USD.

All the segments may remain active, especially electronics, hardware related companies, insurance, banks and financial institutions, but keep a watch on FIIs. News based or any announcement may try to give some direction to the market but set direction will be after a month or so.

Nifty may remain with the trapped range of 26050 to 26250. Tripping on upper levels possible.

Indian Currency

Indian Rupee may trade in between 89.60 to 90.40 per USD.

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