2024-10-04 06:23:21 Astrological Nifty Prediction : Nifty may look for 25350 and test 25150 | Watch FIIs and Banks
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Daily Forecast – Share Market – October 4th, 2024
Nifty may look for 25350 and test 25150 | Watch FIIs and Banks
Buying at lower and selling on upper levels | Global news Important
Moon, Mars with Rahu leads the day, well supported by Jupiter and Saturn (Rx). Impact of emotions, foreign cues, and volatility, waves can be seen during the day. Today will be last working day of the week.
Previous working day, there was strong profit booking, astrologically, I can say – impact of Solar eclipse on various parts of the earth. Geo-politically impact was and will be seen in coming time. Undoubtedly, this may give impact on various nations, petroleum and other issues.
Globally, consumption of Milatiry products can further increase, so chances of good movements in related segments – globally (in Indian market also). Middle east and Ukraine Russia wars have involved many nations (directly and indirectly). US is playing differently, because election is ahead.
Today, after a dip of 2.10 % dip in Sensex and 2.12% dip in Nifty, may give some buying at lower levels, but pressure on upper. That means sell on upper levels will be possible or can be seen. Still negative impact is possible in the market in coming period. It will be better to trade with care.
Geo-political situation along with the news from various areas may be important for the coming period. Gold has already given a good runup, as well the share market. Possibly time for resting is ahead.
Again, movements in many segments may be seen. Still, I shall be watching banks with care along with financial institutions. FIIs may be maintaining some distance for a while. So, pressure can be seen in related areas.
INR is getting weak and may look for 84 levels against USD. At the same time crude oil may also look around 75-80 USD.
Nifty may test 25000 in coming time. Buying on lower levels may be possible, but Profit bookings on upper levels can be seen.
Indian Rupee may trade in between 83.60 to 84.30 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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