Daily Forecast – Share Market – August 8th, 2024
Nifty may test 24100 | Pressure on upper levels
Keep a watch on Government or its agencies announcements
Moon with Ketu leads the day, well supported by Sun, Jupiter, Saturn and Mercury. The entire horoscope is active. Indicating that movements in almost all the segments may be seen. Despite some impact of various issues on the market. But movements will be seen.
Importantly, lord of share market, banks and financial institutions, sports education are involved in planetary war with the lord of lagna, here lord of share market etc. is defeated in planetary war. Hence, issues have started affecting the areas. This started yesterday, some areas were influenced like sports etc. Today, due to news from government or agencies may give impact to the market. We may see profit bookings or trimming on upper levels (as mentioned yesterday).
Sentiment from global cues may further hurt the sentiments of the market. Keep a watch on FIIs and other issues related global issues. Also keep a watch on banks etc.
INR may further disappoint the importers. Basically, our trade deficit for international trade is increasing. That’s why some issues may develop in the coming months. Just watch for import and export organizations. INR is inching towards 84 against USD.
Banks and financial institutions may remain active on either side. Hence emotions of markets may remain mixed possibly.
Nifty may again test 24100 or so.
Indian Currency
Indian Rupee may trade in between 83.60 to 84.20 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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