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Daily Forecast – Share Market – October 7th, 2024
Nifty may look for 25150 | Stop-loss @ 24950 better
Local Political news important
Moon, Mars, Saturn with Jupiter are leading the day, well supported by Rahu. Importantly, Jupiter has slowed down the speed for us, because preparing for the transitional changes. This Jupiter will start transiting retrograde on 09-10-2024.
Foreign cues may give some positive impact on the market, or we can say, buying from the lower levels possible. Still, chances of some pressure at any stage is possible.
FIIs had sold out big volume. Still, I believe no entry for FIIs. Watch local political issues and ‘Utha Patak’ and ‘Jod-tod’ to hold the levels, but will this be useful for forcible combinations, this is in the ‘Kaal Ke Garbh’. It will not be wise to give any comment on such issues.
Nifty may try for 25150 or so. I must suggest to use stop-loss at 24950. Cues from US on Friday was better, so local market may expect some gains or recovery. Indian market may face impact of trade deficit etc. in coming days.
Impact on ups and downs may be seen in coming days, because Jupiter is transiting from the sign of Venus and on the lagna of India’s horoscope. Which may give impact on volatility in share market, judiciary or inquiries may give some impact on the share market in coming time. Watch the coming period. Time within a fortnight may give some indications.
Crude oil may show some different moves. INR may also move towards or cross 84 against USD.
Watch with care. Look for opportunities in coming time. Market may test 24950 or so and look for 25150. Stoploss can be important. Watch IT, defense, etc.
Indian Currency
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