Daily Forecast – Share Market – August 14th, 2024
Nifty may look for 24225 | Sell on upper levels possible | Nifty Stoploss 24050
Giant traders are holding the key for the trade. Nifty Bank – watch with care. FIIs are on backfoot, negative mood of FIIs alarming.
Moon, Saturn (Rx) with Mercury (Rx) are leading the day, well supported by Jupiter, Ketu and Venus. Impact of Planetary war between Mars and Jupiter may clearly giving impact on the market. Losses because of the outside impact of the market on the market may be possible.
Tomorrow will be a holiday in the market on account of Independence Day. So, at the time of closing watch the trend and news properly. So, that on next working day ie. on 16-08-2024, trade can be done with the wind. If required, then protect the funds.
Communication, aviation, textiles, paper, leather, chemicals, Pharmaceutical, healthcare etc. with insurance banks and financial institution etc. may be playing important role along with cement.
Opening of market may show some buying from lower levels because of indications from US. But this will not be because of our own strength or weakness. Possibly sell on upper levels (after buying from lower) will be seen during the day. We are looking for inflation umber, but our food inflation and other areas which are on the higher side for common man (middle class), that may be giving impact on consumer index in coming cycle.
Because news from foreign lands for our market may have impact on the sentiment of share market. Bears may try to show their strength.
Crude oil may roam around 80-83 USD.
Nifty may try to show levels of 24225. Stoploss will be important. Levels you can decide.
Indian Currency
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