Daily Forecast – Share Market – June 24th, 2024
Trimming/Sell on upper levels Possible | Ups n Down Possible
Watch Political Movements | Geo-cues important
Rahu, Jupiter with Moon are leading the day, well supported by Mercury, Sun and Venus. Indications are clear that volatility at any point during the week is possible. Rahu may give wave, trimming or sell on upper levels may be seen.
Important is consumption part of produces are not matching with the GDP. Food inflation is again on the extreme upper side, which is forcing other inflation data to mention as increase in data.
Anyways, market is trying to hold the levels, as well banks may also try to hold its level. Possibly, movements in automobile, infrastructure, reality, cement (because of some anticipation gains from budget to cement industry, because of some giants movements), railways related segments, defense may be in coming time, alcohol, chemicals, by-products of sugar, we may see some movements in textiles and paper in coming time. Financial institutions may be playing important role during the trading session.
INR is inching towards 84 against USD. Importantly crude may be bit high – 85-88 USD.
This week may remain interesting. Possibly sell on upper levels also possible or we can say that tussle between Bulls and Bears possible. Market may respond to the actions by government agencies or business-related organizations.
Nifty may remain within the range of 23400 to 23600.
Indian Currency
Indian Rupee may trade in between 83.10 to 83.80 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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** Before investing or trading, check the technical aspects as well, which is a reading based on planetary movements
