Daily Forecast – Share Market – July 3rd, 2024

Nifty may look for another 200+ points | Buy on dips

It will be better to put strict loss at 24000 (Nifty)

Moon with Jupiter may lead the day, well supported by Rahu, Saturn, Mercury and Venus. Indications are clear that emotional movements may be seen during the day. That means possibly some sudden changes due to emotional movements may be seen during the day.

IT, communication, oil exploration, defense, chemicals, alcohol, non-traditional segments and many more related to rubber, petro-based segments, banks and financial institutions, and many more may see the movements.

Now, nifty may try to show some upside movements with infrastructure, logistics, travels and transport including shipping. Keep a watch on insurance, Pharmaceuticals and many more.

Nifty may show some dip with buy at lower levels and sell on rise. It will be wise to keep a watch on Budget session possibly in the third week of the month or so. Investment companies or traders may see some chances to make big money, if they will be making big money then who will be losing it, possibly casual traders or common man.

Watch Silver again,

It will be better to keep a close watch on IT, because this segment is waiting since a long. I believe that time for IT is on. Government based or linked financial services or organization may be doing better (individual basis). This is also fact that in coming time we may see previous style of functioning of Budget.

Banks may show some movements in some banks. Nifty may look for upper levels. It looks that budget may be having upper hands-on Planetary movement (Desh, Kaal & Patra cannot be ignored).

Global cues – I may not prefer to look for such cues. Whereas US market may show some positive touch, because of their estimation.

Anyways, I feel that on date Nifty may look for 1% movements during the day. Positivity Possible.

Crude oil may show further upside movements towards 87-88 USD.

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.