Nifty Prediction : Buy on dips and trimming on Upper levels
Daily Forecast – Share Market – August 30th, 2024 Buy on dips and trimming on Upper levels Only one or two groups Holding levels | Is this justified? Mars with Jupiter leads the day, well supported by Sun, Moon, Saturn (Rx), Mercury and Ketu. Buying from lower may be seen during the day. Foreign cues are influencing the market, whereas our own cues may also be affecting the market movements. On previous working day, market was driven by the annual meeting of RIL and their announcements. But time will tell the movements of economy driven market. Concern point will be issues with the small business houses in retail or e-marketing etc. This group could have expanded in some other areas where India needs a House like Amabanis (This is my thinking). So that small houses or organizations can also grow with them and employments will be in various segments and increase in job opportunities. This group should move in high level research work, new developments of software, so that company like MS/Google etc. can come from India. I am still worried because of deposit crunch in banks Vs. loans (including credit cards). This has neither improved the consumer movements in the market nor gave any job opportunities. Corporate sectors are still in the defensive mode. Not improving job opportunities. IT was main player for the job openings, then reality, infrastructure, and bank. But key players are not active. I agree […]