Daily Forecast – Share Market – September 6th, 2018

Nifty may look back for 11500 levels | Trade with care on either side

Ketu and Jupiter are leading the day with support of Sun, Moon, Mars, Saturn (Rx) and Venus. Indications are that possibility of buying at lower levels, still it will be better to look for better equities/companies only. It will be better to get rid of weak companies/companies with weak credentials/financial status/management. Companies keeping shares close to their chest like MRF, may give long term gains – but management must be good.

Possibly Nifty may show some recovery. Impact of currency and crude will be important again. Sudden moves from government/announcement from Judiciary will not be surprising (in coming period). Market is trying to form its base. Since, Saturn is changing its direction of transit after 5 months, so wobble is also possible in the market.

Movement can be seen in IT, communication, metal, engineering, electronics and electrical manufacturing segments. Keep a close watch on Leather, textiles, fertilizer, Pharmaceuticals, health care and related segments. Opposition may play with fire/security/defence to malign or stop function of government, but situation may improve after few days/next week.

Impact of foreign issues, currency and crude will be important.

Indian Currency

Indian Rupee may trade in between 71.20 to 71.90 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.