Nifty Prediction : Nifty may try to hold | Sudden moves either side possible
Daily Forecast – Share Market – September 30th, 2019
Nifty may try to hold | Sudden moves either side possible
Mars with Venus is controlling and well supported by Moon, Mercury, Sun and Rahu. Mars is combust. Indicating that pressure of Local issues and foreign issues/cues may develop some confusion in the movement of the market, or impact of FIIs. Mercury has moved out of its own sign and house of share market. Neech Venus is now with Sun and Mars. May show energy, announcement from government may influence the market in coming period.
It’s a small weak. Month is also small for the trading purpose due to festivals and election in Maharashtra assembly. Crude and Petroleum may also be important during the month. Rahu is active and coming day may have more influence on the market. Ups and downs, sudden movements etc. may be seen. Trade with care.
Government’s focus on health care may give impact on Pharmaceutical firms in coming period, so trade with the news in the market. Particularly – Rahu’s indication is for antibiotic medicines. Issues with banks may come to limelight or may give some impact on the market – may be negative. So, trade with care and avoid weak banks. We have already seen Lakshmi Vilas, Yes and cooperative from Maharastra. More may come.
Even then market will try to hold the norms and may try to hold levels of 11500. Levels of 11600 and 11400 may be areas where market may trade.
Movements in Leaf-based segments, communication, entertainment, Petroleum, Jewellery, banks and financial institutions, liquor, alcohol, spirit and related segments, automobile, and related segments, infrastructure may have some movements in coming period (after such flood etc.), Rahu may build up some unexpected opportunities in the coming period also.
Trade with guards, Keep a watch on geo-political and trade situations.
Indian Rupee may trade in between 70.20 to 71.00 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