Daily Forecast – Share Market – July 16th, 2024
Retail traders – Market is up | Be watchful | Big bulls waiting
Nifty may look for 24650 | News based movements
Jupiter, Moon with Saturn (Rx) are holding the key for the day, well supported by Sun and Mercury. Importantly, impact of foreign cues may be seen during the day. Or we may see some indications related to political alignment or partnerships. Breach of partnerships may be seen in coming period, indications may come to the market. This may include media’s partnerships with the political issues or people.
Tomorrow, market may remain close, no trading session.
Ups and downs, sell on rise and buying at the lower levels is quite possible. Government may again go for allocation of funds for the selective segments, but the real people who are badly affected because of Policies and poor generation of jobs may not be looked after (lower middle class), main bread butter (for years) IT is not at its pace. Government must release funds and encourage them to generate more opportunities in various fields of IT. This segment alone was consuming big man power of freshers (technical persons) and experienced persons.
Nifty may try to hold the levels. Banks, IT, infrastructure, health care, insurance and many more may be showing movements (including logistics, railways etc.)
Time of sudden profit booking is ahead.
INR may lose base. Crude may remain under control. Nifty may look for 24650 or so. Trimming possible.
Indian Currency
Indian Rupee may trade in between 83.30 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
