Daily Forecast – Share Market – September 19th, 2022

Be watchful in Nifty trade | Equity base trade better

Venus with Moon is leading the day, well supported by Rahu, Sun, Mars, Jupiter (Rx) and Saturn (Rx). Geo-system and cues for the long term are not decent. As on date, lord of share market is heading for total combustion within the week, that means lord of the market and banks will not be in a position to support own segments.

Global cues from the market are not good. Various countries are now planning to increase Repo rates to check the inflation. US is comfortable in job opportunities and earnings, but their inflation is not coming down. Their and UK’s Central banks are indicating to increase repo rates, which may increase lending rates.

Defence, space, banks and financial institutions, web, communication, e-entertainment, chemicals, alcohol, spirit, non-traditional segments, power, automobile tyres – especially Giant (HCV) tyres manufacturer, automobile ancillaries, keep a watch on RIL, EV related segments, fashion and many companies may show movements.

It will be better to avoid trade on Nifty, allow the market to set the direction.

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.