Daily Forecast – Share Market – April 25th, 2024

Nifty may show slow movements | Pressure on upper levels

Jupiter, Ketu with Mercury (retrograde) are leading the day, well supported by Sun and Moon. Importantly, lord of share market is in the slowest speed for transit, will start transiting direct from tomorrow. Indications are that market may give some careful movements. Which means impact from global cues – market may show some ups and downs.

Our own momentum may not support for the day, but possibly opportunities at lower levels for the coming period.

It will be better for casual traders – trade with cautious moves. Avoid risks or aggressive trades. It will be better to trade with stoploss around 22225 for Nifty. Banks may give some dip, especially because of news related to bank and RBI. But remember, lord of share market will give support the levels of market, because will start transiting in its neech rashi, so will be protecting own house of share market.

Movements in many segments may be seen. Watch banks and financial institutions, power, IT, and many more segments etc.

Nifty may test lower levels. Ketu may give hopes for the coming period. Crude oil may remain around 86-89 USD.

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.