Daily Forecast – Share Market – September 28th, 2021

Nifty may try for new levels | Buy on dips for a while

Mars with Moon leads the day, well supported by Sun, Jupiter and Saturn. Three planets are transiting retrograde, which may give some unexpected movements also (just a possibility). Foreign cues may give support to local market. So, despite of reversable movement of lord of share market, market may give positive moves, as it came in the later part of the previous working day.

It will be wise to keep watch on foreign cues, China’s meet related to IT etc. (participated by Alibaba and their local giants). Nifty is roaming near about 18000. It will be thrilling to see extra-ordinarily fast movements in our market, within 2 months close to such jumps of 16000, 17000 and now touching 18000. Just think, is our market has grown up so fast that Sensex has crossed 60000 and Nifty close to 18000, without any strong dip. What may be the reason? Liquidity in the market is good, middle class has moved to this SIPs or MFs, but foreign money (FIIs) have also played a role in this rise. But again, this rise is …. It will be better to think. Main player of the year were IT, banks, Logistics, defence, space, and communication with agriculture related areas. We can not ignore health care/pharmaceuticals and related equipment manufacturer.

Market on date is rising again, may look for 17900 or so.

Movements in IT, e-commerce, electrical machinery, devices, electronic devices, leather, textiles, non-traditional segments, lithium batteries, EV, automobile, aviation, defence, export related areas, power, infrastructure, paints, or related segments to infrastructure and reality, chemicals, home-decor, banks, financial institutions, media, and entertainment based on wi-fi and wi-fi related companies etc.

Enjoy the day. Trade with safe-guards (stop-loss) strictly.

Indian Currency

Indian Rupee may trade in between 73.30 to 74.00 per USD.

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