Daily Forecast – Share Market – September 11th, 2023

Watch byproducts of n Sugar industries | Nifty may plan for 20000

Venus is leading the day, well supported by Moon, Mars, Rahu, Ketu, Saturn and Mercury. Importantly, Saturn and Mercury are transiting retrograde with Jupiter. Suddenness can be seen during the day. Global cues may be playing role during the day. Like railways related segments or other related areas.

It seems Nifty is planning to cross 20000 levels. This is possible when three planets are retrograde (transiting). China’s economic issues may give some challenges to the coming period. At the same time, UK’s economy with other related areas is not as comfortable as it should have been. Remember, this transit of retrograde Saturn during its tenure gave a big rise in the index levels of our market.  Lord of share market and banks has come out of total combustion position. FIIs may be playing important roles in the coming period for positive movements.

Question is – is the time to book profits in midcaps or midcaps may show cool off position.

Whereas Asian market may show some turbulence and impact on our market will not be surprising. Watch the levels of 19900. But wait the market to move upwards of 19850 levels of nifty.

Banks, railways, (watch) IT, logistics, sea ports, space, defence, green energy, alternate energy for long, this may include wind energy, leaf based segments, dairy, coffee, seeds based segments, power, chemicals, gases (hydrogen), communication instruments, sugar, byproducts of sugar, spirt, ethanol, alcohol, is future of Organic liquids or chemicals will be new areas in coming years, metals, products from earth will be key, and many more may remain active with travels and tourism etc.

Action in many segments. Nifty may plan for 20000 or so. Banks and financial institutions. Watch with positive emotions.

Indian Currency

Indian Rupee may trade in between 82.50 to 83.30 per USD.

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