Daily Forecast – Share Market – September 23rd, 2024
Indications for Nifty Planning– 26000 levels | Use Banks etc.
Sun, Moon with Rahu are leading the day, well supported by Mars, Jupiter and Saturn. Importantly lord of share market will be moving in own house and lord of banks and financial institutions in own sign. That means lord of share market may be trying to protect own house of share market and support to the banks during the week. I agree that due to axis of Rahu and Ketu some deceptive moves can be possible in the coming time.
I hope impact of foreign cues our market may be responding with positive touch. Momentum after first hour of the beginning of trade, we may see some sudden movements.
As it was mentioned in my earlier reports that global concerns for economy is not as good as it is flashed by various sources. I agree that liquidity in the market is good, hence, market is again showing some positives.
Since, this is the beginning of week, I must say that nifty is indicating that levels of 26000 is not far away. This is very surprising that with such economic state, share market is moving on the basis of liquidity.
Gold is also on the rise. If these levels are sustainable? I have certain questions, because of coming up solar eclipse on 02-10-2024 at 21:13 Hrs (IST). Impact can be seen in our markets after this time. Because of foreign issues.
Use the wave with stoploss and look for buy on dips. Crude oil is holding around 72-76 USD. Whereas USD has lost some levels (against global currencies).
Indian Currency
Indian Rupee may trade in between 83.30 to 83.90 per USD.
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