Daily Forecast – Share Market – September 8th, 2022

1% movement possible on upper side | Allow market to settle

Moon with Venus leads the day, well supported by Mars, Jupiter (Rx), Saturn (Rx) and Ketu. Indications from foreign market may remain better, although China may surprise with pressure on economy in coming period.

Lord of the share market will start transiting retrograde from 10-09-2022, so closing value of the market will be important on 09-09-2022.

I believe that market may show recovery from lower of previous day. Even then wobbling of Jupiter and Saturn may give wobbling in the running period. That means volatility and pressure in the market in coming days will not be surprising.

On date market is ready to show better moves and recovery/pull-back. Do not chase the levels. Allow to settle down the market, because of retrograde planets and slowing down of lord of share market.

Areas like Banks, IT, communication, power, automobile, steel, metals, keep a watch on electrical and electronics, Judiciary decision in coming period, agriculture related including produces, agriculture related automobile, automobile tyres, petroleum marketing companies, cement, fittings and fixtures of housing, FMCG with others may show movements. Look for the opportunities on either side.

Remember, today is weekly expiry.

Nifty may look for 1% movement on the upper side. Trade with stop-loss on either side. Allow the market to settle down.

Indian Currency

Indian Rupee may trade in between 79.30 to 80.00 per USD.

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