Daily Forecast – Share Market – September 18th, 2024
Nifty may look for 25500 with stoploss 25300 Nifty | Emotionally cautious Day
Mars with Saturn /Jupiter, and well supported by Sun, Moon Venus and Rahu. At the time of opening of business, global market will be under influence of ongoing Lunar eclipse. During the daytime, our market may having after effects of the astronomical event.
I agree that eclipse will not be seen in our nation. But trading market is directly r indirectly well connected with the global economy and market. This may give confusions in our market. Local indications are for 25500 of Nifty levels (market may prepare for).
Cautious movements because of expected news from US in the evening related to FED – interest rates.
I hope that the market may show some buying from lower levels and after 11 am of IST, our markets may give indications for the coming week. Remember, banks will be closed because of Eid e milad. This may give impact on settling of trades.
So, impacts will be accordingly. Tide can be seen during the trading session. Use the waves accordingly (if it happens).
Keep a watch on sea related segments especially shipping, petroleum, and many more. Possibly crude may show some rise and may remain within the range of 73-76 USD.
Nifty may look for 25500 or plan for 25600 in the coming week. Trade with care, because of events expected globally.
Indian Currency
Indian Rupee may trade in between 83.60 to 84.20 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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