Daily Forecast – Share Market – April 1st, 2024

Positive emotions for first day of FY 2024-25 | Buy on dips possible

Welcome to FY 2024-2025, wishing you all a very happy new Financial Year.

Rahu, Ketu with Mercury are leading the day, well supported by Moon, Jupiter and Venus. Importantly, lord of share market will start transiting retrograde from tomorrow early morning. Today, lord o banks and share market will be moving at the slowest speed for us.

We will be moving in the election period. So, impacts will be accordingly. Before Solar eclipse, we may see some better movements in the market. Impacts of action by government agencies may be seen during the period. It will be better to note down the last closing values of the market, because after tomorrow market may show some reversal moves and may repeat the same values (closing values of today’s closing – within fortnight or 20 days).

Opening of the market may be seen with positive emotions. Nifty may look for another 100 points (plus) or so. That means Nifty may look for 22425 and buy on dips will be better. Tomorrow trend may be different than today (Chances for share market, financial institutions and banks).

Strong wave is possible during the day.

Entire horoscope is active, so movements in all the segment may be seen, so Nifty may try for some new levels and further indicates for 22700 in coming period for Nifty. Chances of pressure or global pressure due to geo-political or local political issues market may show volatility (after 09-04-2024) for few days).

Oil exploration may show some movements. Crude oil may show some upside movements due to geo-political situation. Crude may give indications for 86-90 USD.

Nifty may trade within 22250 to 22450. Gold may show positive movements.

Indian Currency

Indian Rupee may trade in between 82.90 to 83.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.