Daily Forecast – Share Market –September 19th, 2018

Nifty may trade within range of 11200 to 11350

Sun is leading the day with support of Moon, Jupiter, Saturn, Rahu and Ketu. Mercury has changed its house and sign and move to own sign and house, but in the combustion position + heading for total combustion. Week is short for working period. Hence, pressure on share market and banks will not be surprising. But lord of the share market in coming period will try to protect own house and possibly give strength to banks/financial institutions too.

It seems that INR and petroleum are beyond control and may influence country/market directly or indirectly. Normally, trade war(s) can give opportunity to other parties, now it will depend and give reflections in coming period.

Even if, market will move ahead, I will like to look for safe-guards and if market will look for dip, I will look for opportunity for the coming week. Other issues than our local market may guide in coming two – three days. Next week local strengths will be guiding the trade.

Nifty may try to show recovery from lower levels, but due to weak and in the shadow of political issues, this lord of share market will not be able to help much. But still try to protect own house, if falling then fall may be less. Indirectly may support the trade.

Expect Volatility during the day. Nifty may move within the range of +/- 60 point range.

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.