Daily Forecast – Share Market – April 9th, 2024

Wishing you all a very happy New Samvatsar 2081 (Lunar Nav Varsh Shubhkamnaye)/Gudi Parva shubhkamnaye

Nifty may look for 22775 | Buy on dips 

Hopefully New Samvatsar will be decent

Lord of share market is falling to the debilitated sign and previous house. Mercury with Ketu is leading the day, well supported by Moon, Jupiter, Saturn, Venus and Rahu. Importantly, Mercury is falling so support from this planet will not be as good as it should have given.

New levels may be seen and show planning for Nifty 23000 in coming months.

Global cues may be supportive, which may give positive impact on our market. Strength of Ketu may give better movement and Nifty may show upside movements. Banks may be influenced with their internal deals or matters.

Watch automobile, and related segments, logistics, space, IT (look for better rates), communication, communication instruments including radar and others also, chemicals, rubber, sports related, education related, political impacts on the market, banks and financial institutions, crude oil exploration, FMCG, gold may  show better moves, alcohol, solvents, automobile tyres, and many more segments may be showing movements or involvement during the day.

Impact of solar eclipse may be seen in the working or karma of the common man, which may give some impact on the thought process of citizen of nation. Time will decide – this thought process will be good or bad for the nation.

Nifty may show further above 100 points. Buy on dips for a while will be better. Crude may roam around or above 90 USD.

Indian Currency

Indian Rupee may trade in between 82.90 to 83.65 per USD.

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