Nifty Prediction : Range bound trade | Planetary Utha Patak ahead
Daily Forecast – Share Market – September 21st, 2020
Range bound trade | Planetary Utha Patak ahead
Mars, Sun with Ketu are leading the day, well supported by Mercury, Venus and Jupiter. Indications are that Rahu and Ketu close to change their house and sign within 48 hours. It’s a big astrological event. Mercury is also running close to change its house and sign. I would like to be watchful during this period.
If we get surprises from market movements, this will not be surprising for me. Monthly expiry is ahead in this week. I am prepared for close to previous days levels. US market is affected with the anticipations of elections. This may influence global market also in coming days.
Consumption theory in local market is not comfortable. Corona is at present uncontrollable or spreading or on detection is seen in the nation. It is unbelievable that in the population of 135-40 crore, we have only 54-55 lacs of COVID patients. This is affecting us, we are ignorant of the virus because of individual’s weak economy. Common man has no source of income, compel to move out ignoring covid issues. Suffering heavily.
I am just trying to point out the common man’s financial status.
This does not mean that main players of share market will play a dull game of trading. Layman must trade wisely, with keeping a close watch on neighbouring issues. Nifty will be within the range of 100 nifty points in both the sides.
That means nifty may trade within the range of 11400 to 11600.
Movements in many segments can be seen. Keep a watch on mid-caps. Keep watch on leaf based, IT, metals, e-commerce, transport all surfaces may remain active. Keep a watch on multiple axle vehicles like railways.
FMCG, fast-foods, ready to cook foods or packed foods may also give some better movements.
Indian Rupee may trade in between 72.90 to 73.70 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