Nifty Prediction : Opportunities to sell on Pullbacks | Strong stop-loss | Suddenness

Daily Forecast – Share Market – September 22nd, 2020

Opportunities to sell on Pullbacks | Strong stop-loss | Suddenness

Rahu Ketu are ready to change their position. Astrologically this event is considered as especially important. Mercury is also ready to change its position (house and sign). Globally situation is also not comfortable. Ketu, Sun and Mars are also holding the key for the day, well supported by Saturn, Mercury and Venus. Next major event (astrologically) of directional change in transit of Saturn is just one week ahead.

Global events may not be attractive. Once again fear of COVID can be seen globally or in some nations. I will take this transit of Rahu and Ketu in better way, because will be transiting in labhesh of Moon sign of India.

Market may try to show some positive movements, but this week will be tricky and especially, next 24 hours can play a game, which may show strength of Rahu and Ketu (although they are weak degree wise).

Opportunities to sell at upper levels, it will be better to keep a watch on lower levels of 11200 or so. It may show some suddenness in the market again like previous working day.

Activities in many segments can be seen with Pharmaceuticals, leather, textiles, sugar, agriculture related areas including automobile related to agriculture. Financial institutes, banks and related areas may be showing some weakness. Industries related to toys, electronics may look better in coming period.

Issues of rural areas are always addressed by all Indian government, but issues for common man are always unresolved, because their Voting strength is weak. Which may directly affect share market in coming period.

For long term – better to wait and watch, look for good equities only.

Look for opportunities for selling in Pullbacks (if any).

Indian Currency

Indian Rupee may trade in between 73.10 to 73.90 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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