Daily Forecast – Share Market – September 28th, 2020

Nifty may look for 11175 or so | Judiciary decision Important

Mars with Ketu is leading the day, well supported by Rahu, Moon, Venus and Sun. Another important astrological event is transit of Saturn will be now direct from Retrograde. Importance of Judiciary can be seen after the change of transit direction. This may give impact on share market also. So, it will be better to keep close watch on Judiciary linked with banks etc.

Foreign cues, news from Pharmaceuticals linked with CORONA can be seen in the coming days. Keep a close watch on the same. This may be linked with geo-political reasons and election in US also.

I believe that such movements can give some better movements in the market, but it will be important from the news related to banks (from Judiciary) will be important. But this market movement will not be actual, because of lack of job and salary issues etc.

Still, market may show some positive moves in the market. Nifty may look for 11175 or so but stop-loss will be important. Keep a watch on Judiciary on banks etc. This may show volatility in bank nifty.

Automobile, IT, communication, textiles, cotton related, silk related, leaf-based, coffee, rubber and drugs (chemicals/Pharmaceuticals) may be doing better. Keep a watch on companies involved in COVID related vaccine.

Currency is trying to hold levels, but ups and downs will be in coming days.

Little bit of tough period for central government or leader of the government can be seen (just an estimation) in coming months. China’s Horoscope is also justifying activities on boarders or their neighbouring areas from November 2020 to Next year. This also activating their defence activities also (Just an observation). But this can not be ignored by China’s Neighbors.

Retrograde Mars is indicating that cues from foreign nations for India will be important for next 4-5 months.

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.