Daily Forecast – Share Market – July 15th, 2024

Nifty may try for 24600 | Cautious moves better | Stoploss important

Rahu may give sudden changes

Moon, Jupiter with Saturn (Rx) are leading the day, well supported by Sun, Rahu and Mercury. We are just 4 working days away from the budget day. Market is involved in the preparation and anticipation for the budget.

Market may expect that after the decline of seats for the major party, possibly budget may show some areas for the employment, but I still feel that because of some or other reasons, we may not see the thrust in employment sector or results of the budget may not be in the employment sector.

Consumption in the market is down, surprisingly giants are not responding to the issue of low consumption and dropping in production. Possibly because of the policies once again we may see the situation of 2019, when consumer market was not buying the goods and big bakery company was forced to shunt 10000 employees till December 2019. Automobile manufacturer were dropping down their productions, they had large inventory. I am afraid, if earnings Vs inflation will not be balanced then the same situation may come once again. Saturn is ready to punish (including the person sitting on the highest position of our nation or of any nation). We have seen changes in power in many nations within the month. Period is still on.

Enjoy the wave, and be prepared for the profit booking as and when required. Allow the market to ripe. Volatility is ahead.

Today also, Rahu may give some turbulence or sudden rise. Wait for the moment. Crude oil is holding the range of 83-87 USD.

Nifty may look for new levels in coming days or before Budget. Nifty may look for 24600. We are moving in higher side of Nifty. Stoploss is important.

Indian Currency

Indian Rupee may trade in between 83.10 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.