Nifty Prediction : Nifty may test 18000 | Wait | Volatility Possible
Daily Forecast – Share Market – September 9th, 2022
Nifty may test 18000 | Wait | Volatility possible
Moon, Mars with Venus are leading the day, well supported by Jupiter (Rx), Saturn (Rx), Ketu and Rahu. Global cues may remain better, along with local cues. I believe after a long time Nifty may try to look for 17900. Probably give indications for 18000 of Nifty levels.
But, lord of share market will start transiting retrograde on 10-09-2022, so the closing value of market will be important, which may come show again within next 20 days. Normally, when this lord changes its direction (ulti chaal), then it may give change of the direction of the market. But three planets will be transiting retrograde, so this may give at times advantage in adverse conditions. So, unexpected movements will not be surprising in coming 20 days.
Expiry of this month may be tricky because of three retrograde planets (all the three are important for the market). Today, after 11:36 Hrs (IST), we may see some ups and downs in the trading session. Possibly, profit bookings on the upper levels possible.
At the moment, cues from foreign market are good, Fed from US is again giving indications for increasing the ROI, to check the inflation.
Gap-up opening possible, wait for the settling down of the market, opportunities possible at lower. Nifty may test 18000 or so.
Areas like Rice, IT, communication, automobile ancillaries, infrastructure, power, banks and financial institutions, automobile, automobile tyres, petroleum based products like paints, cement, communication instruments manufacturer, petroleum marketing companies, chemicals, rubber based, leafy products like tea etc., dairy segment, drugs, insurance and sea etc. may remain active during the day, along with many more.
Nifty may test 18000 or so. Wait and then move. Market may show important moves after 11:36 Hrs (IST). Volatility also possible. Note down the closing value of the market.
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.
Categories: Share Market