Daily Forecast – Share Market – September 21st, 2021

Look for Opportunities on either side (short term) | Buying at lower level

Sun with Mars and Saturn retrograde is leading the day, well supported by Rahu and Moon. Lord of share market is close to change its sign and direction of transit, indicating that speed for us is slowing down. Lord of foreign lands is also indicating that support from such areas may not be decent or possibly low/negative. Opportunities at lower levels possible, better to look for buy on dip or at lower levels for short term.

It will be better to keep patience for the coming few days. Government news and other issues may be giving direction to some segments. But after a super runup, profit booking and consolidation is not a surprising move for the market. Secondly, US market is waiting for Fed meet. Giants from IT and others like reality are facing Pressure on upper levels (in US share market).

Buying from lower levels is possible. Look for opportunities for short term. Keep a watch on China and US (foreign issues related to politics, trade and others). Trade wisely and with patience and watchful observations and stop-loss (strictly).

Keep a watch on FIIs and DIIs.

Areas like leather, sugar, agriculture, power, automobile, logistics, metals, pharmaceuticals, non-traditional areas, defence, insurance, Petroleum, textiles, paper, cement, paints, automobile tyres, chemicals, IT, communication, leaf-based, coffee, FMCG and many more segments may remain active.

I shall like to be watchful for the market for next 2-3 days on either side, because transit direction of lord of share market will be changed in 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.