Daily Forecast – Share Market – September 29th, 2023

Nifty Range may remain 19400 to 19625 | Watch, Plan trade period wise

Mars with Venus leads the day, well supported by Moon, Rahu, Ketu, Saturn (Rx), and Mercury. This week, after extended weekend, lord of share market will be moving in its own house and sign, which may be trying to protect share market. In this new series of October closing – we shall be facing one solar eclipse and one Lunar eclipse in October 2023. So, possibly we may see heavy impact on global market and impact in our markets also. So, for next month’s planning it will be better to consider accordingly.

Market is missing direction for the period. Global cues may be bit better for the day, but fear is extended weekend. Cautious movements may be seen during the day.

Volatility is possible in the period. I agree that lord of share market may be protecting own house. Midcaps will be giving its impact on the market because of closing of Midcaps also.

Possibly FIIs may show further pressure. Stoploss at 19400 will be better. I agree that market may show buying from lower levels. But Rahu and Ketu both are active and planning to change its house, so wobbling may be high and suggestion will be plan for the market can be derived by divide the session in 4-5 parts and move after watching the period wise.

Banks may give opportunities during the day. Watch IT and look for Opportunities in giants in coming period.

Watch Midcaps during the day. Many segments may remain active and be watchful during the day. Trade according to the wave during the session.

Nifty may remain within the range of 19400 to 19650. Crude oil may show again levels around 95 USD, but possibly planning for 100 USD.

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.