Daily Forecast – Share Market – September 6th, 2022

Nifty may remain 17550 – 17750 or so | Wait then move

Venus with Moon leads the day, well supported by Mars, Jupiter, Saturn and Ketu. Lord of the share market has started slowing down its speed for us, because is heading for retrograde position. Indications are that local position may control the day, despite of weak US market for the previous working day (US). This is also fact that market’s movement may restrict to certain levels. Because of slowing down of speed and in coming days also.

Currency and crude may maintain their levels, which may be help for the day. But due to some or other reasons, possibly few IT companies may face little bit of pressure. Possibly due to local reasons.

I feel that Nifty may trade between 17550 to 17750 or so.

Areas like automobile, power, infrastructure, reality, cement, metals, steel, banks and financial institutions, defence, cotton, communication instruments, wi-fi instruments like router manufacturing, semi-conductor manufacturing for long (be careful for the selection of companies), dairy, logistics, movements in IT, communication, entertainment, chemicals and many more may remain active.

Trade for the day, allow the market to settle down and then move. Nifty may remain in the range of 17550-17750 or so.

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.