Nifty Prediction : Pressure to test 11000 of Nifty | Avoid Blind moves (test and move)

Daily Forecast – Share Market – September 24th, 2020

Pressure to test 11000 of Nifty | Avoid Blind moves (test and move)

Sun, Ketu, Mercury with Mars are leading the day and well supported by Venus. Indications are foreign cues and local cues are confused or not having faith in the issues. I believe that this confusion may give dip in the market, this may test 11000 levels of Nifty. If this will breach this level, may not give any surprises to me.

Keep a watch on FIIs. As I have mentioned in my previous posts that Giants may come in force to play their game. Avoid messages without confirming or testing them on different platforms – like their worth, strength, technical and fundamentals, only then move ahead. Wait for longs, only on attractive levels for good equities may be better for investments.

Traders can look for testing of levels (but trade wisely and with strict stop-loss).

I have mentioned my previous posts that due to heavy unemployment, in Urban areas, real demand in the market has dropped. Companies have enjoyed backlog of demands, which had reflected in their sales, unfortunately these figures are not correct (globally). Market may again reflect to the same, but Giants of the market may play their game. So, above 80-85 percent of traders must develop their watchful instinct and protect your money.

Ketu is active strongly, so this may give impact on sudden changes in the trend (chances), but mainly depend on other planets like Mars, Mercury, & Sun etc.

Movements in agriculture related automobile with rural linked segments may be behaving bit better. It will be better to trade if possible then book Profit also. Trend may give some changes after 29-09-2020, when Saturn will start transiting direct. Pharma news may be encouraging accordingly.

Indian Currency

Indian Rupee may trade in between 73.40 to 74.20 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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