Daily Forecast – Share Market – September 30th, 2021

Mixed day | Range bound expected | Nifty may try to hold 17600 – 17700

Moon with Mars and Jupiter is leading the day, well supported by Sun + Saturn. Utha-patak with political and share market will not be surprising. But share market may remain better because, it will be moving withing range. Nifty will try to hold levels.

Crude is holding levels around 75 USD, currency is above 74.25 INR.

Global market technologies might have faced some issues or dip, but in India, this can be supportive to the market, because IT was backbone during the lockdown and work from home system, although wi-fi was another key to success for this area and many more segments based on KPOs and related areas.

Remember today is monthly expiry, which may remain in a range of +/- 125 points of Nifty. Opportunities to recovery from lower levels can be seen during the day. But on next working day, this fallen lord of share market will be in own sign and house again, that means will try to protect the share market, other planets will be deciding the future of market.

Foreign cues are mixed, local cues are not bad, other planets are healthy, means mid-caps and small-caps may be doing better (comparatively batter). China may be facing energy crises including power, which is giving boost to the coal market (globally along with other energy market – including crude). China is again facing debt issues. We must be prepared for the related impact on global market. Possibly, many companies may come out of China and may look for Vietnam, Brazil and India and other markets. The impact of Mercury Mahadasha of China, which may give suddenness and debt issues (Capricorn ascendant). China will be coming back with their karmas after December 2022.

Neighbouring areas between India and China may have some news in coming period. We must be careful about the activities.

Defence, IT, banks, financial institutions (at better rates – look for opportunities), entertainment, communication, power, petroleum, Parcel service, space, non-traditional areas like solar, lithium batteries, EVs, chemicals, insurance, health-care medicine, and equipment, many more areas are gearing up for the day and may give opportunities at lower levels. Still, I believe that market for buying at lower levels will be better.

Buying opportunities at lower levels. Range bound expected.

Indian Currency

Indian Rupee may trade in between 73.70 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.