Daily Forecast – Share Market – August 22nd, 2024
Nifty may inch towards Upper levels | Will nifty move for 25000?
Mars with retrograde Saturn leads the day, well supported by Sun, Moon, Jupiter, Mercury and Ketu. Remember, Mercury fell back in the previous House of IT, communication, travels, logistics, space and aviation etc. Hence the impact will be seen in the related segments. Ups and downs and impact from foreign cues will be seen in the segments and market.
Crude oil may remain within the range of 75-79 USD. Since, USD is bit under pressure, so gold prices are rising high with silver prices. Normally, when gold prices rises, that has a negative impact on the share market. But surprisingly, many odd factors are applicable for the market, but still movements are up in the market (Indian market). This movement is surprising. Possibly some strong bulls are controlling the market (normally this happens), but if it is for a long period that indicates chances of bubble is possible, gives warning.
Nifty may show some movements on upper levels, indicates that once again move towards higher levels.
Keep a watch on Banks. News related to deposits in the banks Vs. loans are still not much giving impact on the market, but this news is important for the segments.
Foreign cues and political disturbances (global) may give its impact in coming period. Trade accordingly. Our giants have most likely handled Hindenburg issue. But it will be better to watch closely.
Nifty with volatility try to move towards 24850 or so. Banks may also hold its levels.
Indian Currency
Indian Rupee may trade in between 83.30 to 84.00 per USD.
Like this:Like Loading…
Related
Compare our prediction with
Telegram : https://telegram.me/gagashare
Youtube : https://youtube.com/gagashare
Website : https://mrgaga.in/share
Facebook : https://facebook.com/gagashareindia
Follow Us:
https://facebook.com/nithyasubamin
https://nithyasubam.in
https://www.youtube.com/@nithyasubam
