Nifty Prediction : Trade with care| Nifty may try to hold bases | Global issues Imp.

Daily Forecast – Share Market – September 16th, 2019

Trade with care| Nifty may try to hold bases | Global issues Imp.

Sun with Venus and Mercury – controlling the with support of Jupiter. Saturn is moving with slow speed because is close to start transiting direct. Indications from the local point of view, market may see some movements. Issue with crude may be seen incoming period (say for after a month or so). Sun is close to change its sign and house, so it will be better to be watchful at the time of closing.

Movements in various segments like banks, financial institutions, insurance, leather and textiles (incoming period), IT, logistics, communication and entertainment may be in decent position. Currency may try to hold its position near about 71 against to USD.

Geo-political situation, attack on Saudi refinery can be a big factor for a fear in the market for global fear condition. Impact on crude etc.

Nifty may try to look for 11100+, but Important will be to hold its own base of 11000. I believe that lord of the share market is trying to hold its position and give some advantage to the market, indexes and related equities. Judiciary lord is at the slow pace, ready to go for change in direction of movements in coming days. Similarly, government agencies may prefer to look for some decisions. Even working of government is looking for chances etc.

Employment is key issues. I can quote example from few industries like mattress – initially, they had started manufacturing in India, but now trend has started to get the finished product from abroad and market that. Automatically, retrenchment for employees linked with production. Same may be with other segments also. Companies are not trying to improve their quality or may be because of some other reasons, moved in more profitable trading than to manufacturing. This is one example. We are looking profitability of company on stock exchange but ignoring the fact that this culture may reduce employment, which will affect purchasing and ultimate impact will be on slowdown.

Trade may be positive, but it will be better to look for good companies only. Nifty may try to hold 11000 range.

Indian Currency

Indian Rupee may trade in between 70.50 to 71.40 per USD.

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

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