Daily Forecast – Share Market – September 22nd, 2023

Sell on rise | Nifty may test 19675 | Pressure – global cues

Mercury with Venus leads the day, well supported by Sun, Moon, Mars, Rahu, Ketu. Global cues may not be supportive. Geo-political situations for India may be tricky. This may give impact on investments of pension funds from few countries in our nation may see some impact in coming time.

Nifty may breach 19700 or test 19675. Buying from lower levels possible. Global market has negative impact in the market.

Chances of buying may be seen, but this does not mean that stop-loss can be ignored. Stop-loss will be playing important role. Remember today is weekend. Planetary position indicates that crude oil may move towards 100 USD. Bond yield may go further high.

Watch pharmaceuticals, defence, FIIs, insurance, sea related segments, chemicals, banks with care, automobile ancillaries, bearings, automobile tyres, sugar, non-traditional segments, and many more may remain active.

Watch equities with care. FIIs may further play key role for the advantage of bears. That means market may test Nifty and banks. Trade with care. Avert traps of illusions.

Almost all the segments may remain active. Remember Nifty may show lower side of 250 points in coming period (Chances) but buy from lower levels may also be seen. Watch leaders of IT at lower levels.

Indian Currency

Indian Rupee may trade in between 82.40 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.