Daily Forecast – Share Market – September 9th, 2019

Nifty may look for 11000+ levels | Watch with care for long term

Venus and Sun are controlling the day with support of Mercury. Venus and Mercury have come out of total combustion stage. Both are looking towards changing their house and sign. Venus will be in its debilitated sign tomorrow. Mars is still total combust. Global employment issues can be checked on the basis of retrenchments at crude oil driller’s point in US etc. It’s an indication for global slow-down.

Planetary position indicates that Gold is rising, crude oil has pressure and ranging in the near about prices. Chances of rising crude oil prices from or after November 2019.

Unemployment issues may impact on consumption in the market and which may give impact on industrial growth. So, boost in share market may remain in the range. News related to NHAI is also not encouraging. Whereas after floods etc. job in other infrastructure areas will be high. Pumping of funds from government may be in this area.

Sun is also indicating movements in infrastructure, automobile and related segment for a while. Government may show some strength. But positive point is that Mercury will be in its own sign from 11-09-2019, which may try to protect own house of share market and support banks etc.

Movements in banks and financial institutions, and in IT sector, look for equities at lower rates for short term (2-3 days) pint of view, and similarly for entertainment, logistics and communication etc.

I feel Nifty may look for 11000 + levels for a while.

Indian Currency

Indian Rupee may trade in between 71.30 to 72.00 per USD.

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