NIFTY Prediction
Nifty moved sideways and did not show any significant directional change. It might face resistance between 22,400 and 22,500; breaking above 22,500 could lead to a rally. On the lower side, if it drops below the support level of 22,200 to 22,000, it could weaken the positive market mood.
BANK NIFTY Prediction
Bank Nifty started higher at 48,300, up from yesterday’s close of 47,925. However, it lost most of those gains and is now close to where it ended yesterday. The resistance level is between 48,300 and 48,500, and the support level is between 47,900 and 47,700.
Some wave or trend may be seen after 30-04-2024. Even then today, we may see positive movements during the day.
Exchange related segments may be showing movements positively. Watch FMCG. In fact consumption is not as much as it should be according to the GDP, possibly this can be due to per capita income.
Tomorrow will be monthly Nifty expiry.
Crude oil may around 87-90 USD. Foreign cues according to the market may give support. It will be better to avail advantage during the day. Tomorrow onwards Lord of share market will start transiting direct, which may give changes in the directional movements (just a chance). Although is supporting to hold the levels.
Watch IT, communication, space, logistics, web or related segments, entertainment, oil marketing companies, watch results related companies for the day, power, automobile, automobile tyres, batteries, alcohol, spirit, insurance, chemicals, solvents, rubber, communication, entertainment instruments, sea related segments, and many more may be showing movements during the day.
Volatility or suddenness at any point is possible. Buy on dips and wait and allow the market to sustain the market and then buy or sell. Watch Banks.
Indian Currency
Indian Rupee may trade in between 82.70 to 83.50 per USD.
Stock Prediction
STOCK | Good Above | Weak Below |
CONCOR | 954 | 942 |
HAVELLS | 1560 | 1541 |
LT | 3640 | 3560 |
TATAPOWER | 435 | 427 |
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