Daily Forecast – Share Market – September 14th, 2022

Nifty may breach 17800 | Wait n move

Venus with Moon leads the day, well supported by Sun, Mars, Saturn (Rx) and Jupiter (Rx). Inflation as it was mentioned in my last report dated 13-09-2022, that impact of inflation may be seen, the same is applicable globally, has shown pressure in US or better to say global markets. Impact of food inflation, energy inflation, housing (rental) and others, with unemployment are the key issues with inflation in healthcare segments etc.

Again, mentioned in my last report that market may show 17750 of Nifty levels, but quick fall for the level can be seen during the day. Nifty/market may show negative emotions and may show 17750 of Nifty (or around the same). We should not ignore chances of ups and downs. Movements on both sides, because three planets (important) are transiting retrograde.

Trade with care. I mean to say that again allow the market to settle down. Global cues are not good. UK is not in comfortable position as their central bank had shown their concern regarding fear of recession after December 2022.

Crude and currency are under control in comparison to previous levels.

Areas – all the segments may show some volatility. So, trade accordingly. It will be better to protect your interest, instead of chasing the trade.

Nifty may breach 17800. Trade with care. Tomorrow is weekly expiry.

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.