Daily Forecast – Share Market – October 9th, 2024

Nifty may look for 25150 -25200 | Watch trends after 12:25 Hrs (IST)

Moon, Mars with Jupiter are leading the day, well supported by Saturn (Rx), Rahu and Ketu. Market and other segments may be giving impact after 12:25 Hrs (IST), when Jupiter will start transiting retrograde.

Rahu and Ketu may give some volatility during the day. It will be good to watch Crude oil Prices and seen the trend. That means impact of global scenario (middle east) may be giving indications for the Petroleum industry for coming few months.

We may see some activities related to cooling the middle east escalation or other global issues, possibly after 12:25 Hrs (IST) – Just a chance. Now, chances of rate cuts in different global markets are minimized, because of economical situation. Retrograde Jupiter may give impact on the crude oil Prices and other economical issues. It will be better to watch with care after closing of the market.

Nifty may try to hold the levels at least for a while. I must suggest to see the directions after 12:25 Hrs (IST) for the coming 118 days or so (with ups and downs). Crude oil and currency are the key factors for our market. Market may look for 25150. Allow the market to settle down then plan for pull backs or Profit bookings. Profit bookings around 25200 possible.

Crude may show some lower levels because of weakness in demands and economic situation of the global market.

This may also indicate for other issues during the next few months, influencing the nation, partnerships political or India’s with other countries.

Watch the trade, which may give some direction or indications.

Indian Currency

Indian Rupee may trade in between 83.60 to 84.20 per USD.

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