Nifty Prediction : Nifty may remain in range (17225 to 17475) | Opening lazy possible

Daily Forecast – Share Market – September 13th, 2021

Nifty may remain in range (17225 to 17475) | Opening lazy possible

Moon with Sun, Mercury, Saturn (Rx), Venus, Mars and Rahu re holding the key for the day. Lord of foreign lands and related issues is combusted and heading for total combustion. Indications from foreign cues may not be so interesting, but lord of lagna is placed in the house of share market in its neech rashi (debilitated sign) with the lord of share market, so they are holding and supporting the levels of market, despite of different cues from global market.

Volatility not surprising.

Neighbouring issues may remain important for us for the day, not necessarily for the market but for the nation. At the same time, we may see “Uthal Puthal” in political alliances.

Covid is culprit for the tough period for global economy, but for technologies (IT and related areas), it has done a great job. Globally, companies have started expending 15 $ billion per week for areas like Zoom, SaaS and ERM etc. Indications for Indian IT companies for next 8-10 years will be great. This may touch 1 trillion market for our IT industries. But we have to work accordingly and avail advantage from this pie. Banks are also involved in incurring expenses to handle this position, in various countries, who were non-digital.

Reason for boom in this share market (additional), FD interest rates are very low by Indian banks, which is directing lay man to invest in the segments or areas like SIPs or Mutual funds or like wise areas, which are coming directly to the share market. That is why liquidity in the local market is high, and Nifty has so much rise, despite of not so strong demand in the market or weakness in purchasing power of middleclass consumer, who is/was very strong consumer for various products like 4-wheeler segments, resulting winding up of manufacturing of one car manufacturing company.

Cause of worry can be inflation and disturbance in earning for middle-class.

Market may open close to previous levels, possibly due to pressure from foreign cues, but our own market may try to hold levels.

Movements in almost all the segments can be seen, I will prefer to watch Banks, IT, communication, logistics and related automobile (LCVs and HCVs), two wheelers consumed mainly in rural areas, products – mainly consumed in rural areas.

Keep a watch a zone of 17225 for Nifty on the lower side and 17475. This range according to planetary movements and Global situation will be important.

Trade with care and look for opportunities. Remember, Jupiter is falling back in Capricorn on 14-09-2021, so we can not ignore for shipping related areas and insurance for coming period.

Indian Currency

Indian Rupee may trade in between 73.00 to 73.90 per USD.

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

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