Daily Forecast – Share Market – June 26th, 2024

Nifty may look for 23800 + | Stoploss at 23600 better

Changes after 13:30 Hrs (IST) Possible

Rahu, Moon with Jupiter are controlling the day, well supported by Mars, Mercury and Venus. Almost all the planets are supportive for the day to the market. Opening may be influenced with foreign cues or defense related segments/issues etc.

Sudden changes may be seen after 13:30 Hrs (IST) or so. I believe this means due to some news from local politics may be influencing the market and a wave/slide is also possible. Political setup will give direction to the market for a while.

Rahu will be much stronger after 13:30 Hrs (IST) so it is difficult to predict the direction of trade, still I believe that market may show upside movements (I am taking a risk).

Banks  and financial institutions along with IT, logistics, communication, alcohol, non-traditional segments/service, power, cement, infrastructure, power, alcohol, spirit, chemicals, carbon black, rubber and related segments, petroleum segments like tyres, paints and many more may show the movements during the day. Keep a watch on Banks, IT, automobile (ups and downs), cement and many more.

USD may have some pressure globally in coming period. Crude may be maintaining its value around 83-86 USD (Brent).

Nifty may try to look for 23800 and my opinion – that Nifty may plan for 24000 is almost close.

It will be better to keep an eye open for Political news and surprises in coming months. Market may react in advance in before the events. Just keep a watch closely and trade accordingly.

Indian Currency

Indian Rupee may trade in between 83.00 to 83.80 per USD.

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