Daily Forecast – Share Market – September 20th, 2023

Nifty may hold 20050 n Upside 20200 possible | Trimming possible

Venus is leading the day, well supported by Sun, Moon, Mars, Rahu, Jupiter (Rx), Mercury and Ketu. Importantly, Mars and Sun two hot planets are placed in the house of stock market. Indications for common man may be bit tough. Impact of foreign cues may be seen clearly on our market during the day.

Since lagna lord of the horoscope is active, so our own issues and direction of the market may be trying to give impact also during the day. It will be better to trade with strict stoploss for the day. Even then Nifty may try to hold the levels of 20050. Trimming on upper levels possible. In the last hour chances of changes in the market pattern. Keep a watch on foreign cues, FIIs and other geo-political impacts.

Crude oil may roam around 95 USD.

Trimming on upper levels possible. Buying at lower levels possible may be selected. Sun and Mars conjunction is indicating that in coming period Indo-global situation may remain interesting. Let’s hope for the best. Which may give its impact on our market (possibly).

Inflation is troubling the common man.

Almost all the segments may show movements. Watch banks with care, look for opportunities at lower levels (if required, then wait and watch).

Nifty may remain within the range of 20050-20200

Indian Currency

Indian Rupee may trade in between 82.60 to 83.50 per USD.

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