Daily Forecast – Share Market – September 29th, 2021

Allow market to settle down | Opening pressure possible

Moon with Mars is leading the day, well supported by Jupiter, Saturn, Rahu and Sun. After reversal moves of the lord of share market has changed the direction for the market for a while, this may be changing shortly, which means market is giving us opportunities to get advantage at upper levels and buying opportunities at lower levels. Trade wisely, possibly global cues may not be so supportive.

Market may be in lower emotions; Rahu may play its own role. Three important planets are transiting retrograde, which means, suddenness, unpredictability and pressure on upper levels and buying at lower will not be surprising. We are heading for monthly expiry (tomorrow).

Opening may be tricky. Trade wisely. INR is also under pressure. Bond yield in US market has tricked for the IT and other related areas, so market has gone down accordingly. Crude is rising, which may give an opportunity to local marketing companies for Gas and Petroleum goods to raise prices, so their share prices may rise in coming period. Energy prices may give dent to economics (which is already dented).

Look for opportunities in IT, banks, financial institutions, automobile, sugar, textiles and many more segments related to agriculture, and many more segments.

It will be better to avoid trade (unless you are extra-ordinary smart and have capability to digest suddenness/swings).

On October first, lord of the share market will move back in own house, although will be a fallen planet, but may try to protect own house (may be half-heartedly/weak strength).

Allow market to settle down, then look for opportunities. During falls or rise avoid trade (for casual traders). Nifty may have some pressure. Suddenness will not be surprising.

Indian Currency

Indian Rupee may trade in between 73.80 to 74.60 per USD.

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