Daily Forecast – Share Market – September 30th, 2022

Nifty may test 16650 | Volatility Possible due to RBI’s Possible

Saturn, Mars and Sun are leading the day, well supported by Moon, Rahu with Venus. News from Global markets may influence the market. Impact of RBI’s credit policy possible. Last working day, when lord of the share market is at the slow speed and will start transiting direct on 02-10-2022.

Importantly, inflation in Germany is above 10%, at the same time employment and inflation creating issues. It will be possible that market may show volatility due to RBI’s credit policy. Global cues may give its impact.

Nifty may breach 16650 or it will be better to say that market may show pressure and volatile movements. Trade with strict stop-loss. If market will fall today, then chances of rise on 03-10-2022, if market will rise today then after 03-10-2022 market may show Turnaround.

Keep a watch on banks and financial institutions, Railways related segments, logistics, defence, space, entertainment, media, IT (watch with care), chemicals, textiles, midcaps, small caps, power, automobile tyres, automobile ancillaries, fashion, ready-made garments, e-commerce, and dairy products etc.

Market may show volatility and possibly negative sentiments due to global cues

Indian Currency

Indian Rupee may trade in between 81.10 to 81.80 per USD.

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