Daily Forecast – Share Market – May 2nd, 2025
Nifty may look 24400 | Buy on dip, sell on rise
Sandwich day for business. Saturn is leading the day, well supported by Sun, Mars, Rahu, Jupiter, Mercury and Venus. We may see some sudden moves during the day. Non-traditional reasons may be affecting the market. Keep a close watch.
Nifty is ready to hold the levels and try to look for above 24400 of Nifty. Global cues may remain better. Even then a fear of border dispute with neighboring nation(s) can be a cause of concern in coming time. Because area is disturbed at the moment for a long time.
Remember two planets can give deceptive indications – both are key for the Horoscope – Venus and Saturn.
Banks, financial institutions, FIIs, news from foreign lands and many more may be affecting the market. Keep a watch on automobile – which can give an indication for the consumption theory of India. Cars related to middle class segment is slow moving. USD may show weakness, crude oil around 60-64 USD. Even then prices of energy may remain on high side, which may give advantage to petroleum segment.
In coming time gold may show correction.
That means if any dip comes – look for buy on deep dip and sell on upper levels around 24400/450 or so. Banks can be deceptive. Watch with care. But can show some rise.
Indian Currency
Indian Rupee may trade in between 84.20 to 84.70 per USD.
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