Daily Forecast – Share Market – September 12th, 2022

Nifty may look for 17900 | Change of Wind possible

Venus with Moon is leading the day, well supported by Jupiter (Rx), Saturn (Rx), Mars and Mercury (Rx). Despite of change in the transit movement of lord of share market, support from foreign cues can be seen. Possibly, on date emotions may remain better.  Nifty may try to look for 17900 or so. Or better to say, since Nifty is close to 18000.

Three important planets are retrograde, which may give unpredictability or at times may also give advantage under the adverse conditions. So, be prepared for volatility also.

Overall situation is better, because of crude rates, in comparison to previous levels of above 100 USD. News from US will be important in coming period, because of steps for controlling the inflation and unemployment will be important, which will be based on their report on 13-09-2022.

Keep a watch on IT, communication/telecom, dairy segments along with logistics and travel & tourism etc.

Other areas like Banks, financial institutions, power, infrastructure, petroleum marketing companies, chemicals, drugs, rubber, leaf based segments, Tea, coffee, research related segments, defence, export related, leather, textiles, automobile, automobile tyres, batteries, cements etc. may remain active along with many more segments like carriage, travel bags manufacturer and education related segments.

Trade with the wind. Nifty may try to look for 18000 in coming period.

Indian Currency

Indian Rupee may trade in between 79.20 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.