Daily Forecast – Share Market – September 7th, 2018

(+/-) 50 Point for Nifty expected | Keep watch on currency

Ketu, Saturn/Jupiter are leading the day with support of Sun, Moon, Mars and Venus. Movements can be seen in positive manner in many segments. Crude and currency are holding the key. Possibility of some break through in petroleum related issue in coming days. Buying at lower levels can be seen.

It will be better to look for untapped or under tapped but good equities. I do not mean to say that equities running ahead are not capable of giving profit, but under tapped equities may give better returns.

Infrastructure, power, metals, IT, communication, media, engineering, pharmaceuticals, health care and so many other segments may show movements.

I feel that some movements in upper side can be seen, Nifty may try to look for 11575 levels. Chances of Range bound trade.

Indian Currency

Indian Rupee may trade in between 71.40 to 72.20 per USD.

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