Nifty Prediction : Selling at Upper levels | Nifty may look for range (11050-10925)
Daily Forecast – Share Market – September 11th, 2019
Selling at Upper levels | Nifty may look for range (11050-10925) or so
Venus and Sun are leading the day with support of Moon, Mercury and Jupiter. Mercury has just changed its sign and house. Moved to own house of share market with debilitated Venus (neech bhang). Mercury are Venus are close to planetary war, may be in the later part of evening or tomorrow. Mars is total combust (within one Navmansha distance of Sun). Moon is giving strength to own house.
Impact of foreign nations may not be suitable for us (Including FIIs.)
Indications are that market may try to hold bases, although lord of the share market is weak (newly entered in own house). Government may try to do something to hold the norms of the business, but before that they must accept the fact of the slowdown and causes. If doctor can find the cause of illness, only then can look and give proper cure. Same thing is with FM. It is not Ola and Uber; issue is somewhere else, this Ola or Uber had negated market of Autorickshaw. Purchasing capacity of consumer is not good. First, other segments will show movements, and in the last automobile sector will give proper movement.
Unemployment is key. Increasing energy issues (charges) and so on. Planets are clearly indicating somewhere government needs to look in depth to Operate the cause of dieses.
Anyways, planetary position indicates that market may try to hold bases. Even though Pressure on upper levels can be seen.
Movements in Banks and financial institutions, gold, gems, IT, communication, logistics, entertainment, Petroleum, Leaf-based segments, Infrastructure, automobile (movements on either side), cement, tiles, and related segments may be showing some movements.
Insurance and sectors involved in research may show their importance. Trade with guards. Opening may be close to previous close.
Nifty may trade within range of 11050 to 10925.
Faith of FIIs IMPORTANT, which is based on the growth of the economy or on positivity of growth chances in near future. Geo-trade situation is not comfortable. Global slowdown is showing its impact. Retrenchment is global issue (including oil drilling).
BUY ON DIP and Wait for FIIs entry (possibly shortly) Mars will be coming out of Total combustion in two days.
Indian Rupee may trade in between 71.60 to 72.40 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market