Daily Forecast – Share Market – July 10th, 2024

Nifty may look for 24500 or so | Look for Opportunities at lower levels

Jupiter Moon with Saturn (Rx) may lead the day, well supported by Ketu, Venus and Mercury. It will be better to absorb the movements of previous day’s working and wait for the first hour to settle the market.

News from government agencies, or announcements from banks, government may influence the market. Or some political movements or activities etc. may try to give direction to the market. So, keep a watch on news alerts and in details (in details is important).

Nifty is trying to look forward, but due to local situations may see some profit bookings before the weekend. But this week may remain positive – budget session is the key. This budget day is just 8 trading session away. So, movements in the market may be seen.

Banks and financial institutions, IT, defense, government linked financial institutions may remain bit better. Keep a watch. Nifty during the week may show some upside movements despite of trimming etc. (time to time). Nifty may try to look for 24500 or so.

Defense, Infrastructure, power, and Pharmaceuticals may remain further area for interest.

Crude may remain within 83-86 USD. INR may maintain around 83.50 against USD.

Look for opportunities at lower levels for at least a week.

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.