Daily Forecast – Share Market – September 9th, 2021

Nifty may hold range of 17275 to 17425 | Watch Mid-caps & small caps

Last working day before a long weekend, and weekly expiry. Moon with Mars is leading the day, well supported by Sun, Venus and Saturn which is transiting retrograde. INR is once again losing its base, whereas Geo-political situation is moving very fast, as lord of foreign lands is inimical sign, with Moon etc. Impact of stepping down of Japanese Prime Minister can be seen in their market, possible impact in other related markets will not be surprising.

Share market lord is enjoying advantage of own house and sign, which helps the market to hold the levels, despite of geo-political issues and Pandemic related global issues.

Movements in the market may be again flat or close to flat, market may try to hold levels. Geo-market may not be much supportive, but due to our own situation, market may be holding levels and try to improve from previous levels or may remain close to the same (this will not be surprising).

Movements in communication, textiles, technologies, (opportunities in) banks, automobile, automobile related segments, sugar, leather, health-care for the coming period, pathology laboratories, power, paint and cement, non-traditional segments including solar bases or lithium based segments, EV engines or related segments, electronics and electrical, metals, with space, e-commerce and many more segments may remain active, which may give some chances to mid and small caps.

I will prefer to avail opportunities for long and for traders, trade wisely, long weekend is ahead. Nifty may touch 17425 and lower levels 17275. Range bound possible.

Indian Currency

Indian Rupee may trade in between 73.50 to 74.30 per USD.

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