Daily Forecast – Share Market – September 1st, 2020

Opportunities at lower levels | Volatility Possible | Watch News

Venus, Sun, Ketu, and Mars are leading the day, with support of Jupiter (Rx) are leading. Indo-Sino issues and GDPdip were/are influencing local market. GDP, possibly market had expected and now ready to digest. Otherwise planetary position is not depressing. Possibly may try to show recovery from lower levels.

Keep a watch on judiciary announcement and after that possibility of some announcements from government.

Sale from FIIs, was also important for previous working day. Impact of margin policy by SEBI, will also be effective from today. Keep a watch in between +/- 200 Nifty levels. Since, Nifty had hold the levels and turned back on recovery, gives and better edge for buying opportunities.

Defence, engineering, automobile and related segments. Keep a watch on communication segments (judiciary may play important role). Trade with positive node, Mercury will be moving in own sign and House, indicating that this may provide support to the house of share market, also supportive to banks and financial institutions.

Look for opportunities at better levels in good equities. Traders must use strict stop-loss (Judiciary, neighbouring issues and others may play important role).

Currency is in comfortable zone.

Indian Currency

Indian Rupee may trade in between 72.80 to 73.60 per USD.

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