Daily Forecast – Share Market – September 16th, 2020

Look for Opportunities on Dip | Trade with positive intentions

Ketu, Sun with Venus are leading the day with support of Moon, Mars and Mercury. Global trend is not giving any directional indications. Market may show lazy and mixed moves. Reason – Planetary movements are close to change their positions, like Sun will be moving in Virgo sign, Rahu Ketu are ready to change their positions from Gemini Sagittarius to Taurus/Scorpio. This Rahu/Ketu change will be big change, banks and financial institutions will be coming out from this shadow.

Banks and financial institutions may be giving some positive moves or I can say that issues related banks like NPAs or other frauds etc. may show some check. But issues with nation may bit more/tough. Defence services may need to be ready. Since, this Rahu will be transiting in labhesh to Moon, so advantage with borders and other issues may be seen. But challenges for common man may be seen more.

I believe that market may show some better moves during the day but be ready to see tussle between negative and positive (bears and bulls).

Take necessary precautions accordingly and move with good equities for long term investments. Movements in majority of segments can be seen including communication instruments etc.

Textiles, leather and sugar will be on cards in coming days. I will be bit watchful for automobile in coming days. IT, communication, Pharmaceuticals, laboratories, and many more segments may remain positive.

Buy on dip for Nifty and others.

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.