Daily Forecast – Share Market – September 3rd, 2021

Nifty may look for 17300 or so | Buy on dip if any (short term)

Moon with Mars is leading the day, well supported by Sun, Jupiter, Saturn and Venus. Lord of IT will be transiting own house and sign, as lord of bank and share market is enjoying advantage of own sign and house. Global cues may remain better, but our market may look on own bases or reasons to move ahead.

Pandemic issues are giving indications to take precautions, so that situation can be averted or minimized. INR is holding own levels. Crude is trying to pick own base, maintaining levels close to 70 USD.

IT and banks will be key for the period along with insurance and financial institutions.

Keep a watch on FIIs and DIIs. I am positive for the day. Chances on the last day of the week will be better, Nifty may try to touch previously achieved levels. I believe that in coming period market may be able to hold levels and possibly achieve new levels also.

It will be interesting to watch segments like automobile, communication, e-commerce, e-based food supply chains, power, infrastructure, reality with related segments like cement, tiles, sanitary fittings etc., space, aviation, defence, foreign trade related segments, FMCG, Perfumes, fashion industry, chemicals, drugs, pharmaceuticals and many more related to such areas.

Keep a watch on sugar, textiles, leather, paper, water treatment, containers related to travelling and many more areas are active for the movements.

Nifty may look for the upper levels.

Indian Currency

Indian Rupee may trade in between 72.80 to 73.50 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.