Nifty Prediction : Stoploss at 23800 better | Nifty may look for 24100

Daily Forecast – Share Market – July 1st, 2024 Stoploss at 23800 better | Nifty may look for 24100 Global cues lazy possible Moon, Jupiter with Venus leads the day, well supported by Rahu, Saturn (Rx) and Mercury (which has moved in Cancer sign). Global cues and local political situation may also remain interesting in the coming period. I believe that market is very smart to understand the impact of the upcoming situation. Market may show some upward direction for the day, at least in the early hours of the day. Nifty may look for 24100. Budget anticipation may pull up certain segments and put pressure on many segments. Similarly, change of transit in direction of Saturn, possibly indicates wobbling in the market for 139 days from 30-06-2024. Lord of banks have move out of own house and sign, so not protecting house of banks and financial institutions. Now, only based on news and information(s) market may react to banks and financial institutions. This Budget is important, because government may indicate the direction of their policy (NDA government – Previously it was purely based on BJP government). Secondly, Shakiness or firmness will be indicated in the budget. So, retrograde Saturn is going to play important role. I must say that stoploss will be important. Nifty may try to come on this day. But Pressure on upper levels will not be surprising. Stoploss at 23800 will be better. Sell on the […]

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Nifty Prediction : Nifty within range 23450 to 23650 | Banks and IT Hold the Busy

Daily Forecast – Share Market – June 21st, 2024 Nifty within range 23450 to 23650 | Banks and IT Hold the Busy Mixed cues from foreign cues Rahu, Mercury with Moon are leading the day, well supported by Mars, Jupiter and Venus. Emotions are positive, banks may be supporting the day. Keep a watch on textiles, leather, pharmaceuticals, with paper. Even then possibly lazy opening possible. Nifty may remain within the range of 23450 to 23650. Official data wise economy is on very decent track, but the difference between the consumption index and GDP – we need to look into this gap. Possibly, this may guide us regarding bubble… Cash traders are in the market and they are pumping the money still. Majority of cash money is from common man, they are trying to get some gains from this market. But they themselves are not capable of making profits from the market. Hence, either they are going by MFs or other modes for the investment. That’s why we see some movement in the market, despite of weakness in Jobs, high food inflation (practically), higher cost of living, education etc. Trade wisely. After nine days, an important planet – Saturn will start transiting retrograde. Which may give its impact on various issues of nation and market. Cotton, communication equipment for on any surface including shipping, aviation, this includes internet related companies also. Banks and financial institutions may be doing better in […]

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Nifty Prediction : Nifty may look for 23600 | Spot buying may be better | Cash inflow watch

Daily Forecast – Share Market – June 20th, 2024 Nifty may look for 23600 | Spot buying may be better | Cash inflow watch Dip Possible | Banks Protective Rahu with Moon leads the day, well supported by Mars, Jupiter, Saturn, Mercury and Ketu. Emotional movement. Keep a watch on global movements – US market is now preparing for the elections. Release from government will be key. Globally, the market will be influenced accordingly. Rahu’s position (transit) indicates that profit or loss may have swing. Alcohol and related issues may give some thrust to politics once again – just to handle water crises and education related issues. Keep a watch. This may give some impact on the market. Banks are well protected by the lord. It’s a time when one must keep an open eye on national movements related to politics. Currently may not influence the market strongly but may be an indication for the coming months. Watch with care. The reason is Jupiter and Rahu. Crude (brent) will be close to 82-87 USD. Keep a watch on FIIs, their flow. Banks, automobile, IT, communications, entertainment, sports, space, logistics, travels and tourism, watch railways related segments, time is ahead for budget in July. Areas like IT, electronics, communication instruments, cotton, textiles, oil exploration, agriculture, agriculture instruments, automobile, automobile tyres, paints, reality, infrastructure, watch aviation, movements in logistics, power, and many more segments including leaf based areas. Nifty may be bit […]

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