Nifty Prediction : Trimming on upper levels possible | Sudden moves not surprising
Daily Forecast – Share Market – September 1st, 2021
Trimming on upper levels possible | Sudden moves not surprising
Emotions of market in current period decent
Mars with Moon and Sun is leading the day, with support of Saturn (Rx), Venus and Rahu. Some changes are possible after 12:33 Hrs (IST) for the trader(s), running period is decent for the market. Emotions of the market may remain positive possibly till 22-09-2021, ups and downs are part of the game, but depending on some other planets for that day.
I believe that market may look for new levels. Foreign cues may not be so supportive, or Geo-political situation or Pandemic situations are tough, but liquidity is good. After a runup of more than 1000 Nifty points within 19 days, this may take some rest or tripping is also possible.
Even then market is still ready to achieve new levels shortly. But better to be prepared for suddenness in the market after 12:33 Hrs (IST). Geo-business news related to crude and others will be important.
Keep a watch on FIIs and other financial institutions. Banks are still positive and may give gains within next few days also. I will keep a watch on Sugar and related areas including alcohol + others. Agri, construction and other related segments are also doing better.
Market may also be influenced with the rules and technical issues related to the trading etc.
Keep a watch on Banks, financial institution with IT, logistics, chemicals, sugar, FMCG, leather, paper, automobile, metals, paints and automobile tyres etc. Many more may show action during the day.
Trimming will not be surprising but overall situation is positive. Keep a watch on impact of SEBI’s directive for traders.
Emotions may remain positive for the current period. INR is maintaining strong position.
Indian Rupee may trade in between 72.80 to 73.60 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