Nifty Prediction : Allow Nifty settle down | Recovery possible at lower levels

Daily Forecast – Share Market – September 23rd, 2020

Allow Nifty settle down | Recovery possible at lower levels

Mercury, Rahu and Ketu have changed their houses and sign. Movement of Rahu/Ketu is considered as an important event in astrology. This may give some political Ups and downs during its stay in Taurus sign of 18 months (approx.). Next important event is awaited on 29-09-2020.

Mercury with Mars and Sun is leading the day with support of Venus and Ketu. Leader of the day is bit weak. Indications are that market seems to be shaky but will try to hold its levels. I believe that market may try to show some buying from lower levels in coming period. Issues related to Judiciary will be important after a week, because Saturn will start transiting direct from 29-09-2020.

Global cues may be playing important role during the day. Second important feature will be disturbance in weather and others, but wait and watch, let the market settle down, then move according to the wave of the day.

Movements in communication and which may link to few banks can be seen in coming days. Debt position of the communication company may be tricky, and will be based on decision by Judiciary/agencies etc. I feel that some passage will be seen for the particular company in coming period, so opportunity at lower levels possible (but wait and watch).

I will prefer to look for banks and watch with care for few banks which are linked with one company of communication.

Activities can be seen in many sectors like banks, confusion can be seen during the day also in many areas.

Activities in liquor, communication instruments, defence, radar or likewise companies, Pharmaceuticals, Insurance, laboratories and many more can be seen during the day.

Opportunities at lower levels can be seen in coming period.

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.

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