Daily Forecast – Share Market – September 7th, 2021

Watch & trade – enjoy | Avail opportunities | Lazy opening Possible

Moon with Mars and Venus are leading the day, well supported by Sun with Saturn (Rx). Foreign cues may not be encouraging, but local ways may behave on the basis of support from liquidity, and many other issues for the market. I believe that market is still positive and may remain positive for few more days.

Crude and currency are holding levels, which may be helping local issues for a while. I believe that market is still in a mood to look for upper levels, may be not fast but will move ahead (slowly and gradually also for few days).

Nifty may look for 17400 and try to hold the same, stop-loss of 17250 will be better. Keep a watch on FIIs.

Segments like technologies, communication, logistics, space and communication etc. may give some opportunities for the coming period (if any – enjoy benefit).

Areas like banks, financial institutions, sports, education related all segments, power, publications and related segments, textiles, leather, fertilizer or agriculture related areas, petroleum and related or based products, automobile, automobile tyres, and Pharmaceuticals, health care laboratories etc. may remain better in coming period.

Chemicals, carbon black, metals and ore etc. may look better for a while.

Trade with better emotions, if any – avail opportunity.

Indian Currency

Indian Rupee may trade in between 72.90 to 73.70 per USD.

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