Daily Forecast – Share Market – July 19th, 2024
Is Nifty planning for 25000 before budget?
Run of more than 2000 points within short period (Nifty). %age wise around 8%.
Is this natural or Natural within 2-3 months.
Moon, Saturn (Rx) with Jupiter is leading the day, well supported by Sun, Mercury and Ketu. Indications are that market may show some upside movements. Flow in the market may be seen during the day.
It is surprising that just after one and half month after the declaration of result, market has run close to 25000 of Nifty levels. Is this possible before budget? This is clear indication that big bulls or some other forces are pulling up the market, few people are planning for indicating something or some involvement.
I agree that data wise GDP is up, but consumer in the general market is not in nomal pace, because of low income. This market is only earning on the loss of others. Big people may come in this trap.
Ketu may be supporting the day. Some news may surprise the traders and impact may be seen accordingly. Keep a watch on news from foreign lands or foreign traders.
Time of stoploss has started. Wait for better rates of IT for the coming week. This may give better chances on Monday.
Banks may wait for support from government or some organization. Keep a watch. PSUs may be on the cards. Adjustments in allocations for public welfare and political adjustment may again give impact on Job opportunities.
Look for opportunities in infrastructure and related segments. Reality may get some boost, because this can show some immediate job requirements.
Casual traders use stop-loss of 24600 in Nifty. Otherwise market may try for 24900 and may give indications for 25000 of Nifty levels. Banks may also show movements.
Indian Currency
Indian Rupee may trade in between 83.20 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
