Nifty Prediction : Recovery from Lower levels | Trade wisely till crossing of 11000 Nifty
Daily Forecast – Share Market – September 25th, 2020
Recovery from Lower levels | Trade wisely till crossing of 11000 Nifty
Mars, Venus, Sun and Mercury with Ketu are controlling the day. Cues from foreign will be important, especially election in US related news etc. Local issues are not so impressive to give better support to the market. Pressure of FIIs will be important to watch. I will not go with foreign cues as 100%, reason is our situation is different, like financial issues, unemployment etc.
Nifty or better to say that market may try to recover from lower levels.
Still, market may try to recover from local levels, possibly, yesterday, because of some panic, market has lost so much of fall in the market. I may not prefer IT, because of Lord of the house of IT, communication etc.
Automobile, infrastructure, paints, ceramic tiles, impact of two wheelers related company, coffee, electronic device related, defence related segments, financial institutions, may remain in action with Banks (either side – based on news etc.)
Monday, Saturn will be almost its slowest speed for us, because on Tuesday, will start transiting direct, again one important event for the purpose of astrology. This may give impact on Judiciary on next coming days. Important decisions can be seen after this period. At the same time Pandemic in certain areas may show return, and in India possibly some weakness.
China is facing issues related to border, economy (although their growth is best after Pandemic – in comparison to global moves).
Today is the last day for the week, even though Market shows positive movements, be watchful after second half. Currency is weak because of USD strength recovery.
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.
Categories: Share Market