Nifty prediction : Range of 11550 – 11675 (Nifty) | Global cues Imp.
Daily Forecast – Share Market – September 25th, 2019
Range of 11550 – 11675 (Nifty) | Global cues Imp.
Mercury, Sun and Venus are leading the day with support of Mars, Jupiter and Moon. Mars is newly entered in the house of share market with Sun, Mercury and Venus. Two hot planets are in this house. Sun can burn anything. Lord of the share market will try to protect own house. I believe that of profit booking possible but after that possibility of buying at lower levels. Now we can not avoid impact of foreign issues/cues. Such issues may play role on the movements of share market. So, it will be better to keep a close watch on foreign cues/issues.
Sea/Ocean related issues are also influenced now more aggressively (in both the ways). This may influence Naval issues.
IT, communication, entertainment with Logistics (for coming period) may remain active. It will be better to keep a close watch on the FDIs or FIIs. This can give indications for the further growth in this market. But market is waiting for ease in loans for auto and housing. But for that losing jobs or employment is also important. Unless new opportunities or arresting retrenchment issues from job, stable growth will not be possible in the share market and business houses.
Central government employees may come to the market but what is the percentage of total consumption. Major is from employees from non-organized sector, private sectors and self-employed. Unless they are not enjoying economic ease, growth in share market will remain temporary. Planets are only suggesting that more activities for job opportunities needs to be addressed.
Anyways, for the day – market may look bit under-pressure, but lord of the house will try to hold norms and may trade within range of 11675 to 11500 of Nifty levels.
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.
Categories: Share Market