Daily Forecast – Share Market – September 12th, 2023

Nifty may look for another 100 points + | Trade with stoploss on upside

Venus with Mercury leads the day, well supported by Moon, Mars, Rahu, and Ketu. As indicated in my previous post that Nifty “preparing for 20000”. Yesterday itself Nifty has came close to 20000, and I hope that because of planetary movements and geo-trade situations, may look for another more than 100 points of Nifty.

That means market may again think with positive emotions. Lord of market and banks will be at slowest speed, because tomorrow will start transiting direct. Even then three retrograde planets are active. I feel that market may again look for advantage under adverse situations (if any adverse situation during the day).

Keep a watch on Midcaps and small caps. Movements can be seen during the day. Metals may again look positive. Watch gold and silver (watchful trading will be better). INR is maintaining around 83 per USD. Crude oil is again roaming around 90 USD.

Almost all the segments may remain active. Even then keep a watch on banks, financial institutions, railway related segments, travels and tours, IT, automobile, automobile tyres, fashion, alcohol, sugar, and its side products, bicycles, non-traditional segments, sudden changes and many more may remain active like leaf based, seeds based, communication instruments like radar, drone and many more etc.

Nifty may look for another 100 points +, possibly plans for 20100 or so. Trade with stop-loss.

Indian Currency

Indian Rupee may trade in between 82.30 to 83.20 per USD.

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