Daily Forecast – Share Market – September 6th, 2024
Nifty may breach 25100 | Volatility Possible
Directional move after 11:44 Hrs (IST) Possible
Moon with Mars leads the day, well supported by Rahu, Ketu, Jupiter, Saturn (Rx) and Venus. Volatility is possible despite some positive movements. Keep a watch. Keep a watch on global news and movements.
Volatility during the day expected. Nifty may test to breach 25100. Pressure on upper levels possible. Wait till 11:44 Hrs (IST), after this time chances of changes or sudden directional movements may be seen.
Globally unemployment is key for the coming time. We can judge this market by the placement record flashed by IIT. Other institutes are also facing same issues. Reason is poor demand. Companies are making profits, but they are not increasing employment opportunities. We are not focused for exports.
Global market is also indicating pressure or volatility in the market.
Surprisingly, Private sector especially, IT sector is not in proper shape. Poor employment opportunities. This sector was absorbing technical persons – not only from BTech IT segments, but were also absorbing B Tech Civil, Mech. Electrical and electronics etc. Now, even IT professionals are not getting opportunities.
This is alarming. Share market may react to this or other securities related issues (possibly because of some reasons – market is forced to react positively). Middle class should take precautions. At the moment for them FD or fixed return or safe return investment will be better.
It will be better to keep a watch on steel and related segments.
Last day of the week, movements on either side possible. Nifty may try to breach 25100. Next will be last week before Lunar eclipse (global), not for India. This may give major impact on foreign market/political issues. Local issues may also be influenced indirectly.
Indian Currency
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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