Nifty Prediction : Pressure possible | Wait before going for long (Intraday traders)

Daily Forecast – Share Market – September 4th, 2020

Pressure possible | Wait before going for long (Intraday traders)

Saturn (Rx), Sun, Venus, and Ketu are leading the day with Mars. Indications are that impact of foreign cues, crude, and other prevailing issues may influence the market. This may lead to profit bookings (as mentioned in my previous post that Nifty may look for 11350 levels), and market may have impact of debts in the market (globally).

Everyone is trying to regain their previous positions but what is the cost (for quick recovery). Situation (globally) is alarming or not normal. Lord of share market is trying to protect on house, but other clues are creating some or other issues or showing tiredness. There will be tussle between these planets, may try to breach important levels, and lord of the share market may try to hold or protect levels of 11300 or so. Before going for long, wait and check for the levels. I believe market may show strength to regain levels in coming days also.

Urban areas are main consumers but they are badly affected, no support from anyone, again government is mainly trying to milk them (government should rethink to milking these so called “Honest Tax Payers”), government must avoid kill golden goose.

Communication, infrastructure, leather, textiles, automobile for rural areas. Keep a check on IT, entertainment and many more areas.

Take important guard. I still believe that market may give any opportunity for the coming period in various sectors like banks and financial institutions etc.

Indian Currency

Indian Rupee may trade in between 73.00 to 73.80 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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