Daily Forecast – Share Market – July 22nd, 2024
Pressure on Upper levels possible | Big Bulls Preparing
NDA or BJP Budget – Market cautious | Casual traders Better be “SHANT”
Moon with Saturn (Rx) leads the day, well supported by Sun, Jupiter, Mercury and Ketu. Indirectly entire horoscope is active. Market will be totally influenced with the Budget on tomorrow. Cautious moves possible, nifty may test 24400 during the day. So, stoploss at 24400 better for Nifty.
Railways and logistics with power, green energy (possibly) and we should not expect any innovative move to give a thrust to the economy.
Allocation may remain to impress vote sectors. We may see some announcements, but Saturn is indicating that mistakes may have impact during the financial year 2024-‘25. After that either the public may regret it, or others may regret for the working.
I believe that today, it will be better to play with safeguards, banks and financial institutions and PSUs may indicates some rise because, news related to their sale etc. may give boost to the movements. It had already happened on earlier occasions, when PSUs were kept on hold and market had faced some issues (market means normal traders).
Crude oil may remain around 83 USD. For Macro or Micro economy, planets are not indicating much for the nation from the budget.
Nifty may show some pressure on upper levels.
Indian Currency
Indian Rupee may trade in between 83.30 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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** Before investing or trading, check the technical aspects as well, which is a reading based on planetary movements
