Nifty Prediction : Entry and Exit levels Important | Casual traders be watchful

Daily Forecast – Share Market – September 18th, 2020

Entry and Exit levels Important | Casual traders be watchful

Mars with, Ketu and Sun lead the day, getting support from Moon, Mercury and Venus. Global cues may show some importance during the day. Surprising is that we (market) are affected with the employment/unemployment data of US, but least bothered for local situation of unemployment. We are concern with the disputes of other nations, but least concern with our concern with neighbouring issues.

We may test 11475 of Nifty levels. Or it may prefer to be in the range of (+/-) 100 point of Nifty. Trade wisely in financial and banks. Possibly some profit bookings can be seen the sector. Look for opportunities and trade for small profits (within your budget. Entry points will be important.

Petroleum is showing some movements in consumption, but concern will be for COVID cases (rising high) tested, and non-tested will be important for us. We should not forget our strength of Population, which is now acting as negative for COVID reason. Ministry of Health needs strong plans for the same. I know, it is not possible to do any miracle. But changes in planetary position may give some betterment in the situation.

Unless consumption will improve, we will be looking for foreign cues or news/announcement from government, at times fake news spread by influential persons of the market because of obvious reasons.

Trade with care and ignore such fictitious news circulated on mass TEXT (SMS). Please check before moving ahead.

Many planets are active, and ready give some different flavour to the market and society in coming month.

This can be a day for small profit trading (important will be entry and exit points/levels) Only strong traders should move ahead. Every day trading is not essential. Casual traders can enjoy from outside.

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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