Nifty Prediction : Nifty looking for previous status | Trade with strict stop-loss

Daily Forecast – Share Market – September 24th, 2019

Nifty looking for previous status | Trade with strict stop-loss

Sun, Moon and Venus are controlling the day with support of Jupiter, Mercury and Saturn. Mars is close to changing its sign. Activities related crude may be increasing. But positive point is that INR is little bit under control from previous position. IT, communication and impact on Hotel and tourism can be seen during the day. IT is the only segment which has not activated in comparison to other areas in the previous sessions. Activities related to Sea/Ocean will be important.

I feel that mood of the trade may remain positive, although issues foreign cues may remain different. Currency with other positive indications from industries may keep morel better of the traders. Lord of the share market house is not only protecting own house but trying to revive the strength also.

Sugar, Textiles, Paper, agriculture produces, agriculture related segments, paints, tiles, automobile and linked segments including ancillary, tyres, IT, communication, entertainment, infrastructure, leaf based, coffee, tea, consumer goods, Banks and financial institutions, petroleum producers, gold and Jewellery, dairy products and other likes Leather etc. may remain active.

Planetary position is supporting. I feel that we may see further positive movements in the market. Nifty may try to look further ahead or better to say trying to regain previous upper position.

Still, consumption and employment story are important, because that can give positive touch for long term basis.

Indian Currency

Indian Rupee may trade in between 70.40 to 71.30 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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