Daily Forecast – Share Market – September 6th, 2021

Nifty Looking better | Will Nifty cross 17400 and Prepare for 17500 ?

Moon with Mars is leading the day, well supported by Saturn, Venus, Ketu and Sun. Interestingly, Mars has moved withMercury and in inimical sign, whereas Moon is heading for New Moon position, indicating negative energy of Moon will be high. Lord of the share market is enjoying own house and sign position, so will be protecting share market and also supporting banks + financial institutions.

I feel that market is still in a position to look for upper levels or better to say new levels for Nifty etc. Banks will also be supporting the market. Liquidity in the market is supportive, whereas some geo-political situations are also under scanner, which may not be supporting in coming period.

COVID and other virus related to fever etc. have started hitting the Indian soil. This impact is increasing its den, as Jupiter is falling back in Capricorn sign. It will be better to increase precautionary measures for protection.

INR and crude – both are holding levels, which may be good for the market. Point of concern will be impact of unemployment, pay cuts – whereas many companies have started earning and getting work properly, but they got the way to earn better by going for pay-cuts (means and ways may be different). For Long term this may be harmful for consumption theory of India. Even these issues, market is in rising mode, because of previous years working of these companies (possibly after fall in consumption from 2017, sudden changes in company’s cashflow and consumption).

Entire horoscope is active, indicating mid-caps and small caps may also be active along with large caps. Nifty may try to look for 17400 levels.

IT, automobile, banks and financial institutions, defence and related to export, Leather, textiles, garments, communication instruments, communication, electronic and electricals, power, infrastructure, reality and related segments, Petroleum, chemicals, drugs, pharmaceuticals, insurance (keep a watch), FMCG, fashion, Paper, cement, and many more areas including water treatment, space (includes internet related services) etc.

Enjoy the day, look for new levels. IT may give some opportunity with Logistics to buy at better rated in coming period.

Nifty may look for 17400. Enjoy the day.

Indian Currency

Indian Rupee may trade in between 72.70 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.