Daily Forecast – Share Market – July 5th, 2024
Nifty Range within 24300 to 24400 | Sell on upper levels possible
Tiring indications ? Consolidation ?
Rahu, Jupiter with Moon are leading the day, Venus Saturn (Rx) and Mercury. Importantly, Moon is heading towards Amavasya or in the shadow of Sun, so some volatility is also possible. Tide situation is possible.
Or High rise or lows possible (chances). Be alert to handle the situation. Local issues may be playing key role during the day, because Leader of the cabinet is also around this amavasya phase (this may give some impact on the coming week – just a possibility).
Non-traditional segments, unknown issues may come out by any source (within India or from out of India).
We are inching ahead for Budget session, so market may be anticipating accordingly, news sources must be verified before following the news.
Anyways, areas like FMCG, food, alcohol, non-traditional, IT, technology, logistics, dairy, rubber, insurance, shipping, Pharmaceuticals, Healthcare, Sugar, crude oil exploration and many more may remain active.
Sell on upper levels possible
Better to say buy on dips and sell on upper levels. It will be better to watch tiring market.
Indian Currency
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** Before investing or trading, check the technical aspects as well, which is a reading based on planetary movements
