Daily Forecast – Share Market – September 29th, 2020

Buy on Dip | Sudden changes Possible | Volatility not surprising

Ketu and Rahu are leading the day with support of Moon, Sun, Mercury, Mars and Venus. INR is losing its pace or better to say that USD is improving. COVID in India is indicating some stability or little bit of down trend, Saturn and Rahu/Ketu are indicating their impacts. Now after November 15th, 2020.

Market may show some positive moves due to foreign cues etc. But I can not ignore lead of Rahu and Ketu. This can give ups and downs or Volatility or sudden changes on either side. Issues with farmers and common man from Urban areas will be important in coming days. Transit of Rahu in ascendant of horoscope of India, may give some troubles to the leader of the nation.

Despite of some positive cues from foreign local issues will also be playing important role. Seven planets are active, this may give movements in almost all sectors. Importantly, Jupiter and Saturn are not active, so I can feel that market may play safe game, but range of the market may remain 11075 to 11350. Possibly buy on dip will be better.

Alcohol, wine, cotton, automobile, IT, leaf-based, Petroleum, automobile tyres, coal, gas, banks, currency, FMCG, and many more segments with chemicals, drugs, pharmacy will be active for the day and in coming period also.

Buy on dip. Sudden changes not surprising with volatility.

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.