Daily Forecast – Share Market – September 26h, 2022

Global cues important | Be prepared to sell on rise | Don’t chase opening

Sun with Mars leads the day, well supported by Moon, Rahu, Saturn and Venus. Importantly, lord of the share market is coming out of shadow of Sun, but impact from global market may remain in the market. This may be affecting currency, gas prices in coming period. Rahu is also strong and giving impact on the market. Fear for recession may be seen, possibly profit bookings may be seen.

This may give impact on the levels of Nifty and may try to breach or test 17000. INR is also weak, USD is ruling the world and strengthening its position, but impact on other nations will be important.

Situations in neighbouring nation(s) may be tough and may give impact in the global market in coming period.

It will be better to sell on rise, with guards. Situation is tough. All the three planets which are retrograde are playing unpredictability.

Oil and gas in our nation may play important role in coming period. This may increase inflation on energy, gas etc. It will be better to be watchful in such stocks.

Three planets are in the shadow of Sun or adversely affected with Sun, either by retrograde transit or by combustion. So, time to be careful in the market trading. Investors can wait to enter in good equities.

Leather, banks, textiles and many more may feel impact on the market. Areas for focus in either of condition will be defence, electronics chips etc. or green energy.

Trade with care. Sell on rise will be better. Pressure can be seen in the opening.

Indian Currency

Indian Rupee may trade in between 81.00 to 81.90 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.