Daily Forecast – Share Market – September 16th, 2022

Nifty may remain in range of 17750 to 18000 | Wait for first hour

Moon, Venus and Sun are leading the day, well supported by Jupiter, Saturn and Mars. Three important planets are retrograde, again sudden changes at any stage, means may change the movements also. Lord of banks and share market is in own house and sign, protecting (although is weak). Nifty may try to protect own levels, whereas foreign cues may not be much interesting.

It will be better to wait till 09:56 Hrs (IST), allow the market to set the direction.

Currency may again look for INR 80 against 1 USD. Crude is again looking to look for better levels. Nifty may be around 17750 to again 18000+. Global cues are weak. Coming weak lord of share market may be close to total combustion, which may be tough for the share market.

Keep a watch on IT, education, banks, financial institutions, cement, automobile tyres, automobile, automobile ancillary, FMCG, textiles, agriculture, leather, power, export, chemicals etc.

Overall many segments may be showing their movements in large, midcaps and small caps etc.

Nifty may trade within the range of 17750 to 18000+. Wait for first hour of the market (after 09:56 Hrs (IST)).

Indian Currency

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.