Nifty Prediction : Nifty range possible 17000 to 17250 | Banks better, IT at lower better
Daily Forecast – Share Market – September 2nd, 2021
Nifty range possible 17000 to 17250 | Banks better, IT at lower better
Mars with Moon and Sun is leading the day, well supported by Saturn, Rahu and Venus. Impact of foreign cues or outof the local economic cues can be seen. Remember, it’s a first weekly expiry of the September month.
Planetary situation is indicating positive – for INR strength wise. Crude oil is maintaining its levels, waiting for some news for the direction. Otherwise, cues from Pandemic is not comfortable (COVID and Mosquito related).
Lord of banks and share market is enjoying very good position, hence, despite of odds from Geo-political and business issues. Banks and financial institutions are supportive, so range may be in between 17000 of Nifty to 17200 possible.
Banks will be better. Issues can be seen with two wheeler segments but overall automobile including ancillary, tyres, batteries, EV related segments, alcohol, spirit, and related organic chemicals/alcohol categories, research and insurance may remain attractive. Chemicals and water related companies (treatment), power, infrastructure and many more will be doing well.
I will keep a watch for IT, logistics and communication + OTT, e-commerce, wi-fi related entertainment and areas for the coming period.
Keep a watch on the market moves in the last hour or closing hours.
Nifty may try to hold close values of 17000 and look for 17250.
Indian Rupee may trade in between 72.50 to 73.30 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Daily Panchang