Daily Forecast – Share Market – March 9th, 2016

Pressure expected | Trade carefully

Day just after solar eclipse, impact on the market can be seen at least at the time of opening. I believe that market may show pressure for a while. I feel in coming days if Nifty will be close to 7350 point level then it will not surprise me.

Better to say market may show range bound movements from 7350 to 7550 Nifty point level.

Today Jupiter retrograde is leading the day, with support of Rahu, Mars, Saturn, Sun, Mercury and Venus. I believe that market may show some profit booking.

Pharmaceuticals, infrastructure, defence can be doing better with engineering related segments.

Petroleum based products may show some movements.

Indian Currency

Indian Rupee may trade in between 66.80 to 67.70 per USD.

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