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Daily Forecast – Share Market – September 27th, 2024
Nifty may look for 26300 | Watch IT, Banks and Liquidity | Wait for adjustments
Moon, Rahu with Saturn (Rx) are leading the day, well supported by Sun, Mars and Jupiter. Indications are that due to weekend, we may see some cautious movements. Important reason will be lord of share market and banks – which has moved within the one Navmansha distance of Sun, so will be behaving like combust planet, because is totally combust stage.
Even then this lord of share market is in its own house and sign, so may try to protect own house and banks / financial institutions. Despite of other issues, global market may be providing some positive indications for the market. Nifty may show some positive movements.
Interestingly gold with the share markets – both are moving fast. Indicated that liquidity in the market is on the higher side.
Crude has suddenly dipped. It may look remain around 70 USD. That means when Jupiter will start transiting retrograde in the month of November, possibly crude oil prices may start reverting.
Nifty may look for another new levels. It will be difficult to give the levels. After Lunar eclipse, market has moved around 1000 points in Nifty (around 3%+, within 13 days till date).
It will be interesting to see the markets after 02-10-2024 because of Solar eclipse.
Nifty may look for 26300. Banks and financial institutions – watch after October 2nd, 2024. Because lord of banks and share market will be badly affected by Solar eclipse on 02-10-2024. This is for global reasons, because eclipse will be in global areas, India can be affected because of our dependency on foreign markets.
Period for geo-political situation can be tough.
Watch pharmaceuticals with care (company wise), because of their news related to medicines.
Trade with care during the day and at least in the closing hour of the weekend. Because from Next week other planets can be supportive but lord of share market and banks will be in tough position.
Indian Currency
Indian Rupee may trade in between 83.30 to 83.80 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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