Daily Forecast – Share Market – September 27th, 2022

Buy on dips n sell on rise | Casual traders protect funds

Mars with Sun is leading the day, well supported by Venus, Saturn and Rahu. Importantly, three planets are retrograde and directly or indirectly all the three planets are active along with other planets. Impact from global cues may remain again active, even then buying from the lower levels. Whereas cues from geo-political or business conditions, market may have some negative impact also.

Misleading factors may also remain active, because of three retrograde planets, may give sudden advantages or sudden JHATAKA (according to the individual horoscopes). So, traders must trade with their own strengths and period.

Remember INR is losing strength against USD. It was already indicated in my earlier posts, this may also affect the market and inflation.

Look for opportunities at the lower levels, but do not chase rising prices (investors). Fear and indications for recession is gripping global market and crude also. That means planetary position is indicating for our market – chances of going better than previous working day.

Be prepared for Volatility in coming period or even today some volatility possible because of currencies for major countries like China, UK and others. This may affect metals negatively.

Crude – since lord of this is transiting retrograde, so we may see further pressure on crude oil.

Keep a approach for buy on dip and sell on rise. Or ignore trade if not feel better. Such market may mislead to casual traders.

Many segments may show movements, keep a watch on logistics, metals, automobile, banks and financial institutions, oil marketing companies, fast food segments, IT, communication, power, defence, space and new segments (non-traditional), new areas for energy and electronics (like semi-conductors and chips) etc. Others may also remain active.

Protect funds, at times avoiding losses is equivalent to profit.

Indian Currency

Indian Rupee may trade in between 81.10 to 82.00 per USD.

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