Daily Forecast – Share Market – September 28th, 2023

Nifty stop-loss at 19600 | Nifty may look for 19775 | Foreign cues important

Mars with Venus is leading the day, well supported by Moon, Jupiter, Mercury, Rahu and Ketu. Movements in crude may show some jump in prices and may give indications for 100 USD or so. Monthly expiry day. Possibly market may show some recovery from the base.

Yesterday’s market had shown sudden changes in the market and came back to better levels. Nifty may show some movements for another better position, but chances of sell on upper levels will be possible. Nifty may look for 19775. It will be better to fix stoploss at 19600. Remember today is monthly expiry. After tomorrow, there will be extended weekend.

Impact of rising crude oil prices may be seen in coming period. But from the 01-10-2023, lord of share market will be in its own house, so will try to protect the house and supporting banks etc.

This does not mean that foreign issues can be avoided. Geo-situations (economic and political) will be very important in coming period.

Many areas may be showing movements, watch midcaps and small caps to look for opportunities in the coming period. IT midcaps may remain still better than large caps. Logistics, communication and its instruments, entertainment and entertainment instruments, space, drone related, watch electronics, alcohol, non-traditional segments, EV related, and many more areas may remain active.

Nifty may remain within the range of 19600 to 19775. Stop-loss will be important.

Indian Currency

Indian Rupee may trade in between 82.70 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.