Daily Forecast – Share Market – September 24th, 2024
Nifty Planning for New levels and 26000 | Watch Banks | Foreign news
Sun, Mars with Rahu are leading the day, well supported by Moon, Jupiter and Saturn (Rx). Only Venus will not be directly active. Since, this Venus (lord of cabinet leader and lagna of India’s Horoscope) has moved in the own house of disturbances, debts and other issues, indications are clear that extra energies will be consumed to handle the issues. During the day, Moon will be forming decent relationship with the lord of banks and financial institutions, that means banks and financial institutions etc. indications are clear for the positive movements.
Nifty may look for above 26000 in coming time. Preparation for 26000 of Nifty can be seen during the day. Remember, foreign cues from China and US will be important in coming week or so. Planning can be done accordingly.
Despite of so many odds, including increase in prices of gold, global stock market is up. Price cuts of Interest is again playing some role and hopes in the market.
Watch IT, automobile, logistics, entertainment, defense, alcohol, chemicals, metals, sugar, textiles, communication, and many more. Movements can be seen in many more segments. I am bit confused related to FMCG.
Geo-political situation is not good. Middle east is in disturbance, but crude oil is cold.
I feel movements in the market will be seen with some caping. I believe use the period and be prepared to book profits as and when required. Otherwise, market may show some gains.
Since, lord of share market is in the axis of Rahu and Ketu, we may see sudden volatility during the period (at any time). Nifty look for above 26000 as mentioned in the previous day’s post. Crude oil may remain within the range of 73-76 USD.
Indian Currency
Indian Rupee may trade in between 83.30 to 83.90 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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