Nifty Prediction : Foreign cues Important | Volatility Possible | Keep a watch on FIIs
Daily Forecast – Share Market – September 11th, 2020
Foreign cues Important | Volatility Possible | Keep a watch on FIIs
Mars (Rx), Venus and Ketu are leading the day with support of Moon, Sun and Saturn (Rx). Changes in transit of planets are important in current period because these three planets are the key planets. Which is affecting trading in the market. Foreign cues are not comfortable, or some changes can be seen. Discussion between Indian and Chinese foreign ministers had happened just after the retrograde transit of Mars, indicating that some this may give some interesting situation after the 3-4 months or 5 months probably in February 2021. It will be better to keep a watch on neighbouring areas. Both the nations may not be trusting each other, or may be suspicious.
Crude is under pressure again, this may be till 13-09-2020.Because Jupiter will start transiting direct.
I will look the trade with watchful mood. I agree that market has shown positive moves in previous working day.
Activities in automobile, IT(for coming days), activities on bordering areas can also influence the market. Impact of lockdown can be seen in many segments even now. As and when required book profit or look for opportunity. Keep a watch on institutions. Especially FIIs, movements can be bit lazy, careful. I will not be surprise if any profit bookings can be seen.
Many segments will show movements. Crude may be influencing many segments based on petroleum – like Paints, automobile tyres, synthetic cloths etc. keep a watch in coming period.
Nifty may try to hold levels of 11375 and try to look for 11475 levels.
Trade with care. It’s a last day of the week.
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.
Categories: Share Market