Daily Forecast – Share Market – September 21st, 2023

Nifty may test 19900 or 19875 | Will nifty test – 19800?

Watch Foreign Political issues

Venus is leading the day, well supported by Sun, Moon, Mars, Rahu, Ketu, Saturn and Mercury. Lord of foreign lands is in the house of relationship, share market and political relationships with Sun. Impact is clearly visible in India’s relationship with Canada. Share market has also indicated some pressure because of foreign cues and other issues.

Nifty may test 19900 or may show some further levels like 19875 (testing) or so. Keep a watch on foreign issues, which may affect the market in coming period. Time for stop-loss.

Crude is within range of 92-95 USD.

Emotions of the key traders may remain bit weak. So, sell on upper levels may be seen for the day. Gold and Silver may also show some pressure.

Movements in almost all the segments may be seen during the day. It will be better to watch the movements and equities during the day and then trade as and when required.

Remember, demand in the market is not encouraging, as I have mentioned many times in my earlier posts. Reason for us is inflation, low income, unemployment etc. FIIs is also creating pressure on our market.

Now point is – will market test 19700?

Trade with care. Sell as an when required.

Indian Currency

Indian Rupee may trade in between 82.50 to 83.40 per USD.

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