Daily Forecast – Share Market – September 2nd, 2020

Nifty may look 11500 + | Volatility possible – avail advantage

Ketu, Sun and Venus are leading the day with support of Mars, Jupiter (Rx) and Rahu. Economic indications are not good for the past months or better and clearly to say from 2019, which may be covered in the name of Lockdown etc. Even then global cues are not bad, but chances of volatility are possible. I agree that lord of share market is moving in own house and sign, which may try to give support to the trade and banks.

FIIs is giving some chances. I believe that this period of after lockdown, now we may see automobile improvement, may be shortfall of previous one and half year. Now, orders from defence and other areas may be seen in this area.

Changes may be seen after 12 noon in the market. Market is trying to recover from the previous levels of Index. Indicating that market may get advantage in this fortnight (after 12 noon) or coming 20 days. Even then other planets will also be playing important role, which may cause national security, health issues, financial health of common man.

It will be better to trade with considering a chance of volatility but coming period may give better moves as mentioned above.

Oil, and related areas may not be smooth for the period. Two wheelers may give better move and other segments in four or commercial vehicles/Heavy areas also. Indications for consumption may remain better in rural areas because of the funds in that area, whereas white goods may be affected – reasons are lack of buying capacity of actual buyer (middle class), resulting hampering of production and causing long term issues.

IT, communication, e-commerce, retail, defence related electronic goods manufacturers, defence, communication instruments, and many more segments may be showing movements. Utilize opportunities are lower levels as and when available.

Indian Currency

Indian Rupee may trade in between 72.50 to 73.40 per USD.

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