Daily Forecast – Share Market – July 2nd, 2024
Nifty may look for another 100 points or so | Stoploss at 23950 of Nifty
Moon with Jupiter leads the day, well supported by Sun, Rahu, Saturn (Rx), Mercury and Venus. Many segments may remain active, along with the travels related, I feel that railways and other logistics segments may be showing movements.
Indications from Rahu, which is in the house of share market and common man, may give some wave, but casual traders must be watchful for the week. Saturn and Rahu may give some deceptive moves. Especially, Rahu in the house of share market may give deception at any point of time. This may be because of some news (which may give deception or sudden changes in the trend/movement on the day) in the coming period. So, be watchful for such deception.
Government may give indications for reversal of moves from past period. It will be better to watch the trend of coalition of parties or partnership in the government. Market may react accordingly, possibly in advance. Importance of stop-loss will be high.
Nifty may try to show upside movement, but forces may try to pull it down. Although Bulls may show better placed but Bears will be waiting for the time to drag down the market.
The period of globally important events is not too far. Just 4-5 months away. It will be better to watch banks and financial institutions with care. Some PSU banks may show movements but be careful.
Pressure on government for agriculture related segments may be seen clearly. Movement in telecom will be seen. Inflation may further increase for common man’s life.
Nifty may look for 24225 or better to say another 100 points on upper side. Sudden changes not surprising. Crude oil may also show movements towards 87 USD.
Indian Currency
Indian Rupee may trade in between 83.10 to 83.70 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
