Daily Forecast – Share Market – July 26th, 2024
Nifty may look for 24475 | Buy on dips and sell on upper levels
Wait and watch after 12:59 Hrs (IST)
Moon with Saturn leads the day, well supported by Sun, Jupiter, Mercury and Ketu. Moon with Rahu is forming conjunction relationship, which may develop chances of sentimental disturbance in the market or some confusions.
It will be better to watch the news, and test with proper sources only then react to such news/information. Big bulls may capitalize such situations.
We may see impact of foreign cues during the day. It will be better to watch movements of FIIs and DIIs.
Banks with IT, defense and many more may be showing movements, including paper, textiles, leather FMCG etc. Keep a watch on news related alcohol, power, infrastructure, automobile industry including automobile tyres.
Movements in wide range may be seen. This may give movements in midcaps and small caps also.
Watch the products based on Petroleum – such as paint, automobile tyres, Plastic industry, logistics and others. Crude oil may give movements in such industry, along with carbon black etc.
Today is last working day of the week. Cautious closing will be better.
Buying from lower levels as mentioned in previous day’s post, once again we may see buying from lower levels and Nifty may crawl towards 24475 or so or 0.5%. But sell on upper levels because of some or other reasons may be seen during the day.
Indian Currency
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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