Nifty Prediction : Nifty looking for 24500 | Use Midcaps and Small caps | Selective IT companies
Daily Forecast – Share Market – August 3rd, 2026
Nifty looking for 24500 | Use Midcaps and Small caps | Selective IT companies
Mars with Saturn (Rx) leads the day, well supported by Sun, Jupiter (combust), Mercury and Ketu. Day is well controlled by Vakri Shani and foreign cues. Indications are clear that lord of banks will be supporting own house. Keep a watch on news-based banks like HDFC etc.
Geopolitical news may give some momentum to the market. I feel that today, we may see another 100 points movement for Nifty or better to say that Nifty may look for 24500.
Crude oil may remain within the range; reason is news from West Asia may give some relief to the market. But again, exchange of words may disturb this situation.
Silver and Gold may see some rise (chances).
Since, directly and indirectly, entire horoscope is active, so movements in all the segments may be seen. But remember, Shani and Mangal may give some trouble to the market in coming week or so. Use the momentum and capitalize.
We may see impact on financial institutions also in coming time.
Areas like energy, oil marketing companies, infrastructure, automobile, automobile ancillaries, watch Iron and steel, defense, chemicals, pharmaceuticals, textiles, and many more like electrical and electronics may remain active. Use Midcaps and small caps.
Nifty may look for 24500. Regarding INR, impact of pressure on US bonds may be seen. INR may show some better position.
Indian Currency
Indian Rupee may trade in between 95.00 to 95.70 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market
