Daily Forecast – Share Market – September 2nd, 2022

Nifty may show recovery from lower | Keep a watch in second half

Moon, Mars with Jupiter (Rx) are leading the day, well supported by Ketu, Saturn (Rx) and Mars. Foreign cues with planetary position. Lord of share market is protecting own house and banks, because is placed in own house. Indications are clear that recovery from the lower levels are possible during the day. But Volatility is also expected.

It will be better to allow the market to settle down and then move. It will be better not to chase the opening of market. Opportunities from lower can be utilized. Today is last working day of the week. Hence, it will be better to trade with care before closing.

Foreign cues may remain bit better. Keep a watch on crude, INR may remain under 80 against of USD. Rates of crude may remain under control, which may give support.

News from automobile market may remain bit better.

Areas like textiles, leather, defence, power, energy, IT, communication, space, chemicals, banks and many more like electronic instruments related to communication, silk, cotton, metals, dairy products, insurance and oil exploration (may give mixed results). Two wheelers may show some pressure.

It will be better to allow the market to settle down and then go for enjoying the market movements.

Indian Currency

Indian Rupee may trade in between 79.30 to 80.10 per USD.

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