Daily Forecast – Share Market – September 13th, 2022

Nifty may look for 18000 + | Nifty may try to recover levels  

Venus with Moon leads the day, well supported by Saturn (Rx), Jupiter (Rx), Mars and Ketu. Inflation and production data may remain week. Foreign cues and other cues may remain better. Possibly As mentioned in previous post – Nifty may look for 18000 +. Keep a watch on other issues, which may give impact on the market.

Foreign cues are better. At the same time FIIs may give indications for the day. Crude is again rising, which may give advantage to the oil exploration companies.

Remember if Inflation is rising and IIP growth will be weak, that means chances of pressure in the market may seen in coming period. US market and other markets are helping local market.

Precious metals may show rise in prices.

Momentum is still on at least for few days. Before first week of October 2022, we may see 17750 or close to that of Nifty (Chances).

Energy related companies may remain interesting and active

Areas may remain active like banks, financial institution, IT, steel, defence, power, infrastructure, cement, chemicals, travel and tours, dairy products, and many more like aviation manufacturing, electronic chips, semi-conductor, health care, insurance, research related, diagnosis related segments and many more. Keep a watch, plan and move.

Nifty may look for 18000+ or if may give 100 points run. Nifty may plan for previous levels.

Indian Currency

Indian Rupee may trade in between 79.10 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.