Daily Forecast – Share Market – September 9th, 2020

Nifty may breach 11275 | Long term investors can look for Opportunities

Venus, Sun, and Ketu are leading the day, with support of Moon, Mars and Saturn. Indication from transit of planets that they are changing their direction in coming days. Mars is changing its direction on 10-09-2020, so speed for us will be low. Jupiter is also transiting at slow speed because is going to change its direction of transit.

Impact of news from COVID vaccine etc. can be seen in the market. Keep a watch on FIIs, and keep a check on longs for Intraday traders. Our market is highly depending on news from foreign lands or local government. Out own market consumption and production is at low. Economically middle class in a bad position. Some of them had to withdraw from their PF. They have to keep a finger on their lips, because government is not doing giving support to them.

This situation is hitting mass dip in consumption. Production is also affected.

Crude due to planetary position will be not good but may improve from next week or around that.

Insurance for the coming period, paints or crude based products may enjoy some advantage. IT, communication and others are also decent. Defence and related area will be better.

Pressure on the market can be seen time to time. In simple words apart from slide, volatility is also possible.

Nifty may breach 11250 or look for 11250. Banks may face some tricky pressure.

Indian Currency

Indian Rupee may trade in between 73.20 to 74.00 per USD.

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