Daily Forecast – Share Market – October 1st, 2024
Nifty may look for 26000 | Stoploss at 25750 better
Moon with Jupiter leads the day, well supported by Sun, Mars, Rahu and Saturn. Keep a watch on IT, communication and logistics along with global aviation (defense related), and many more may remain active for the day.
During the combustion, Lord of share market and bank is in the axis of Rahu and Ketu. Hence, confusion or volatility is possible.
Despite of total combusted lord of share market, this lord may try to protect the levels. Odds may be there, but tendency to protect the market and support to the banks can be seen during the day.
Possibly, we may see buying from lower levels and Nifty may once again look for 26000 or so. But do not forget to use stoploss at 25750 for the coming time.
Tomorrow will be no working for our market and after Sunset for us, world will be watching one astronomical event, which also gives impact on us – event will Solar eclipse (02-10-2024). I agree that this event may not be seen in India, but other countries (so many) will be facing this event (astrologically), so impact can be seen on global markets and geo-political situations.
I must suggest before closing watch the companies with care, only for good companies, it will be better to hold or for long term traders can watch it for the benefit.
Keep a watch on White metals – like silver and others. Yellow metal may also show some movements, but it will be better to be watchful for a while, it has already shown a great momentum.
Global cues will be important for the day. Indian political issues or events can play their role in coming time. Watch and trade with care.
Crude oil may remain around 70-75 USD. Whereas USD may show some strength recovery, which may give some impact on INR.
Indian Rupee may trade in between 83.50 to 84.00 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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