Daily Forecast – Share Market – September 25th, 2024
Waiting for Trigger | Trimming on upper levels and buying at lower
Rahu with Sun leads the day, well supported by Moon, Mars, Jupiter and Saturn (Rx). Movements in the market may not be much because lord of share market is heading for the total combustion stage after the weekend. So, trade accordingly.
I feel that some trimming is possible on the upper levels and buying from lower points. Use this according to your requirements. Nifty may try for 26000. Remember, at any stage Nifty may try to test around the areas of 25900 or so.
I agree that levels of Nifty or market may be on the higher side despite various negatives on the employment side, financial growth of individuals and other issues like inflation (practical).
Traders (casual or new) must test technical and depth of balance sheet of the company. Latest data for 2023-24 for the losers of traders in FnO – is above 93%. One can workout the amount of money lost by casual and new traders. This does not mean to discourage anyone, but to guide newcomers and casual/small traders. It is always better to test your horoscopes etc. before entering in such trades (if possible).
This is alarming for global scenario also. Watch global issues and news with care for the coming period.
Look for opportunities in IT, Logistics, communication, entertainment and many more like Tea or leaf-based segments like rubber etc. for short period (2 days) from tomorrow. Watch banks, financial institutions, alcohol, chemicals, leather, textiles, Pharmaceuticals, automobile, infrastructure, power, renewable energy, new sectors, e-portals, and many more may remain active. Watch FMCG. Crude oil prices are maintaining around same levels of 72-76 USD.
Nifty may try for new levels. Trade wisely. Look for Opportunities in coming week.
Nifty may test 25900 and look for 26000 again.
Indian Currency
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