Nifty Prediction : Profit booking Possible | Pressure not surprising

Daily Forecast – Share Market – September 20th, 2021

Profit booking Possible | Pressure not surprising

Sun with Mars is leading the day, well supported by Moon, Rahu, and retrograde Saturn + Jupiter. Lord of foreign lands is combusted, and local share market lord has slowed down the pace of movement for us. That means movements in the market may not be positive as it was earlier. Profit bookings will not be surprising. Currency is also losing its levels and may look for above 73.75 against USD.

Movements in many segments can be seen, may be under pressure. But opportunities from buying at lower levels will be better, it will be better to keep patience.

Geo-political situation is not stable. Ups and downs, chances of natural calamities (global level) – including health issues may continue. It will be better to take precautions.

Activities in the area of automobile and related segments, logistics, technologies, defence related, power, infrastructure, banks may be slow, non-traditional, EV, and engine related EV, batteries, alcohol, spirit, chemicals, rubber related, water storage, aviation, surface transport etc.

Trade with stop-loss on either side. Profit booking possible.

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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