Daily Forecast – Share Market – September 8th, 2021

Nifty holding levels and Preparing for Coming month

Moon with Sun and Mars leads the day, well supported by Saturn and Venus. Few planets are forming decent combinations, whereas lord of foreign lands is not comfortable and further be deteriorating position (in coming period), so we may not be getting either good support from foreign lands, or some other issues may be complicated. Anyways, lord of the share market is in its own house and sign, so may try to hold levels achieve by the index.

Importantly Jupiter is falling back in the Capricorn sign, which means is not in a position to hold or give support to related segments.

Mid-caps and small caps may also be enjoying the period.

Crude may show volatility or reversal moves are possible, INR may also lose some base. Banks will be getting support and if gives any opportunity, time to avail and buy at lower levels. But will be holding levels. Areas like IT, communication, logistics, power, automobile, cement, or better to say constructions related segments, travelling and travelling related all the areas (including packing bags), Pharmaceuticals, Pathology laboratories, health care instruments manufacturing, automobile tyre, batteries, lithium and non-traditional areas including solar or EVs may remain active.

Nifty may hold levels and PREPARE its base around 17300 to 17450

Indian Currency

Indian Rupee may trade in between 73.00 to 73.80 per USD.

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