Daily Forecast – Share Market – July 31st, 2024
Nifty may remain within range of 24800-24950 | Watch foreign cues
Moon with Saturn (Rx) is leading the day, well supported by Mars Jupiter, Mercury, and Ketu. Foreign cues will be important for the day. Also keep a watch on announcements from the government.
Nifty may roam around 24800 to 24950. The range may reduce day by day, because lord of share market will be reducing its speed (for us), because on 05-08-2024, this lord will start transiting retrograde (vakri – Ulti chal).
Lord of the share market has started slowing down its speed for us, because on Monday will start transiting retrograde after opening of the market. Trimming on upper levels and buying at lower is possible.
Keep a watch on Judiciary, which may surprise by its decision in coming period. Ketu is indicating some positive moves, but foreign cues may be important.
IT may show some profit bookings in coming time. Watch for better rates only. Laziness in the market may be seen on the coming day also (possibility).
Trade wisely, because from Monday, we may see changes in the trend of the trade at least for few days.
Nifty within range of 24800 to 24950. Crude oil will be maintaining around 80 USD or better to say may maintain below 80 USD. Trimming at any levels possible. Keep watch on foreign cues.
Indian Currency
Indian Rupee may trade in between 83.40 to 83.90 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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