Daily Forecast – Share Market – September 8th, 2020

Nifty may look for 11425 | Trade with positive mood | Use Stop-loss

Sun, with Ketu and Venus leads the day, well supported by Mars and Saturn. Two planets are ready to change their transit direction in coming week. Indications are – bit more exchanges can be seen on bordering areas. Defense services may give some strong response or might have shown/ may show their aggression.

Neighbouring nation may face some more financial (indirect) tough time. I agree we are facing tough time for manufacturing, unemployment, consumption but time is heading when we must tighten our belts for economic front also. Proper policies and execution of policies will be key to achieve goals and give relief to the mass of population or back bone of Urban areas (who are never considered for Vote purpose, but they are real backbone to change government), they have changed in 2014. They can give decisive mandate for any formation of government. Whereas rural Voters can give fractured mandate (as it has done in previous elections).

Planetary position indicates positive movements than the previous day. Look for the better position.

Pharmaceuticals, transport, automobile, sugar, insurance (keep a watch), banks, and many more sectors may get advantages in the coming areas. Keep a watch on retail sector. Coming period for many retail companies may face some issues due to – we are heading for monopoly tradition in retail trade (as it is heading for communication). Initially a tug of war then possibly monopoly.

Anyways, currency is comfortable, market may show positive moves.

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.