Daily Forecast – Share Market – April 24th, 2024

Allow market to settle | Nifty may plan for 22500 | Stoploss @ 22250 Nifty

Watch Volatility Index movement (VIX) because of Political sense

Mercury (Rx) with Jupiter leads the day, well supported by Sun, Moon, Rahu and Ketu. Foreign cues are supportive, whereas lord of banks and share market is slowing down its speed and will start transiting direct from the coming period. On date political stability in this general election is expected, despite of various Planetary movements during the election period.

Some wave or trend may be seen after 30-04-2024. Even then today, we may see positive movements during the day.

Exchange related segments may be showing movements positively. Watch FMCG. In fact consumption is not as much as it should be according to the GDP, possibly this can be due to per capita income.

Tomorrow will be monthly Nifty expiry.

Crude oil may around 87-90 USD. Foreign cues according to the market may give support. It will be better to avail advantage during the day. Tomorrow onwards Lord of share market will start transiting direct, which may give changes in the directional movements (just a chance). Although is supporting to hold the levels.

Watch IT, communication, space, logistics, web or related segments, entertainment, oil marketing companies, watch results related companies for the day, power, automobile, automobile tyres, batteries, alcohol, spirit, insurance, chemicals, solvents, rubber, communication, entertainment instruments, sea related segments, and many more may be showing movements during the day.

Volatility or suddenness at any point is possible. Buy on dips and wait and allow the market to sustain the market and then buy or sell. Watch Banks.

Indian Currency

Indian Rupee may trade in between 82.70 to 83.50 per USD.

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