Daily Forecast – Share Market – September 22nd, 2022

Nifty may test 17600 | Buy on good dips of IT

Sun leads the day, well supported by Moon, Mars, Rahu, Saturn, Mercury and Venus. Importantly lord of the share market is just 2 mins and 21 secs away from Sun, which is disturbing the strength of the lord. But other planets are supporting the market. News from foreign market may not be good, which may give weak opening in the market, but after those chances of recovery in the market will be better because of some main planets including Rahu.

This market may be govern by various major players in the market, normally they are kingpin for the trade.

Because of foreign cues market may test 17600. Indications for the buy in IT on dips. Because this may correct their valuations.

Crude has faced pressure, impact of Federal reserve will be seen in coming months also, although economy of US is gaining strength, because of their gains in adverse conditions – like advantage of war between Russia and Ukraine. That’s the advantage of selling arms and ammunition. Other countries are facing crises in energy, food, and many more.

Keep a watch on Russia and Ukraine political and war situation in coming period.

All the areas of horoscope are active, that means movements in many segments may be seen. Impact of US repo rates may be seen in IT companies, because many are linked with US.

Trade with care. Protect money. Buy on good dip, when valuation is decent. Nifty may test 17600 or so, may be lower values also.

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.