Daily Forecast – Share Market – April 4th, 2024

Nifty may look for 22600 | Stoploss at 22400 | Buy on dips for 48 Hrs.

Watch banks with care

Moon, Mercury with Rahu leads the day, well supported by Saturn, Venus and Ketu. Global cues may be supportive but not aggressively. Planetary position is indicating that Nifty is prepared to look for 22700 and may achieve this level.

Today, Nifty may look for new levels, surprisingly, market and stock market both are ready to move ahead. INR may be facing pressure against USD. Crude oil may look for 90 USD.

It will be better to look for opportunities at lower levels for 48 hours.

Bond yields are doing better, US market may not be much effective on our market. Now annual results may be influencing our markets in coming period. Crude oil prices are soaring with metals including gold. Possibly, Chinese market may be having heavy demand.

Majority of the segments may be showing movements, watch petroleum exploration companies (because of news from government). Energy sector including coal and crude oil with other resources may be showing further run up.

Buy on dips. Nifty may look for new levels and prepare for 22700.

Indian Currency

Indian Rupee may trade in between 83.00 to 83.70 per USD.

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