Daily Forecast – Share Market – June 25th, 2024

Nifty may try to inch for 23650 | Sell on rise n Buy on dips better

Rahu, Jupiter with Moon are leading the day, well supported by Mars, Mercury and Venus. Leader of council of ministers is influenced with Jupiter lord of profits and gains, also influencing house of share market and common man.

Influence from foreign cues possible. Keep a watch on China and US, some movements may influence our market. In fact our market might have shown movements, as Pakistan has shown, but can we relate the facts of economy Vs Market. Hence, enjoy the winds or wave, buy at lower levels and book profits on upper side enjoy the gaps in proper trades or companies.

It’s a time when investors must look for opportunities and casual traders – must trade with care or protect funds. Defense or metals, with electrical and electronics may remain interesting and possibly logistics, communication,

Nifty is already riding on upper levels. I again feel that Nifty may show swing during the day. Sell on upper levels (if required). Banks may remain interesting along with automobile, automobile tyres, power, metals – keep watch for copper, electronic gadgets and communication instruments, defense product manufacturers, including aviation related may be doing better with missiles manufacturer, alcohol, non-traditional segments, insurance etc. may remain interesting.

Nifty is still in better mood and emotions.  Buy on dips and sell on rise will be better for the period.

INR is again in the rising trend and inching for 84 against USD. Crude oil may maintain around 85-88 USD.

Nifty may remain within the range of 23475 to 23650. Trade and enjoy, but wise steps will be better.

Indian Currency

Indian Rupee may trade in between 83.10 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.