Daily Forecast – Share Market –September 12th, 2018

Nifty may look for 11200 on lower side and may try to look for 11320

Venus is leading the day, with support of Moon, Sun, Mars, Rahu, Jupiter, Venus and Saturn. Action in all the sections possible. Currency and petroleum are important. Secondly, tomorrow is holiday, so, pressure on market of one day short in the week can be seen. Ketu and Rahu are active, which may give sudden changes in the mood. Most unpredictable combination. Again, I feel some recovery is possible from lower levels, but market may give further correction (possibilities are there).

Petroleum is another point of concern for local business/manufacturing system, which may increase energy cost for manufacturing and may/might have hurt the sentiment of trade. But petroleum companies may be showing some gains as on date. IT companies may be bit better due to fall of INR, but other segments are affected with slipping of INR which may lead to 73.

Movements in almost all the section can be seen. Possibly this may give fight back in the market, but market may trade with suspicion for coming period. Few companies may give opportunities at lower levels but avoid or get rid of weak equities. Trade with strict stop-loss on either side.

Trade bank with care along with reality and energy. Few power companies may give sudden dip.

Wine, spirit, alcohol, with renewable energy-based companies may be doing better for the day.

Trade with care on either side.

Indian Currency

Indian Rupee may trade in between 72.20 to 73.00 per USD.

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