Daily Forecast – Share Market – April 30th, 2024

Nifty may look for 22750 | Possibly plans for 23000 in coming time

Sun with Mercury leads the day, well supported by Moon, Jupiter, Saturn, Venus and Ketu. Impact on the local market may be seen with positive vibes, and market may look for further new levels and indicates that “is planning to look for 23000 of Nifty levels”.

Global cues may remain supportive especially from US. Crude oil may hold its levels around 87-90 USD. Our markets are well protected by Neech rashi placed Lord of share market – which may try to support the house of share market.

We may look for 22750 of Nifty, indications for 23000 Levels of Nifty may be seen. I agree that tomorrow will be holiday for the market. But elections are on, news or anticipation for the repetition of government is expected by market – otherwise “KAL KE GARBH ME KYA GHUPA HAI – WO KAL KO MALLOM HAI YA VIDHAATA KO”. So, always safeguards are better even sitting on top.

Anyways, areas like Banks, financial institutions, exchange related segments, brokers related segments, automobile, power, reality, cement, and related segments, dairy products, IT, and result based segments, chemicals, electronics communication infrastructure, FMCG, sugar, agricultural equipment, paper, leather and many more sectors may remain active.

It will be better to watch the trend of market in second half of the day and move accordingly. Watch banks for trade.

Indian Currency

Indian Rupee may trade in between 82.80 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.