Daily Forecast – Share Market – September 17th, 2024
Nifty may remain within Range of 25250-25450 | Use tide
Mars with Rahu leads the day, well supported by Sun, Moon, Jupiter Saturn and Venus. Still the impact of foreign markets can be seen on our nation’s market. Importantly, Rahu indicates that some waves can be seen during the day.
Nifty may again indicate to look for 25400 or so. Again, one can say range bound market movements possible. Cautious movements. Reason is (Astrologically Lunar eclipse on tomorrow – not visible in India). Secondly, FED report is also expected within this week. I feel that market (globally may show sudden movements – because of Tide tendency on Lunar eclipse).
IT is still under pressure – Giants (global) may remain under pressure. Japanese market may show some pressure.
Buying opportunities may around 25250 or so. Keep a watch. Investors can maintain their levels. But traders must use stoploss strictly.
Areas like energy such as power – including green energy like wind etc., watch with care IT, communication, space or aviation, defense related segments etc. News related to exports may give some impact on market.
Overall we can see movements in almost all the segments.
Watch the movements of the market. Use and capitalize the same during the week.
Nifty may remain within the range of 25250 to 25450. Crude may maintain within 71-74 USD. Pressure on gold is possible on upper levels.
Indian Currency
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