Daily Forecast – Share Market – August 26th, 2024
Nifty may look for 24925 | Stoploss at 24775 better
Geo-political activities will be key
Sun with Mars leads the day, well supported by Moon, Jupiter, Saturn (Rx), Mercury (Rx) and Ketu. Lord of lagna is also activated due to connectivity with Ketu. Entire horoscope is active. Hence, we may see movements in maximum segments.
Foreign cues may again give some indications for rate cuts, but remember unemployment is another alarming area for the globe. Second is war prone period. But market is now almost immune to such acts. World has to face some more time such issues – results of their own karma. Israel and Lebanon + Hamas – on alarming stage. This may have impact – chances on the market with some estimation. Tension is possible in the market.
FIIs have played its role to drive the market for these levels.
Anyways, Nifty may give indications for 25000 levels in the coming time.
Nifty may try for 24925 and stop loss at 24750 will be better. USD is bit under pressure, which gave an advantage to INR. Crude oil may be around 80 USD. Banks can be better in the coming time.
Indian Currency
Indian Rupee may trade in between 83.40 to 84.00 per USD.
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