Nifty Prediction : Volatility expected | Range bound trade
Daily Forecast – Share Market – March 10th, 2016
Volatility expected | Range bound trade
Jupiter retrograde and Mercury are leading the day with the support of Saturn, Mars, Rahu, Venus and Sun. Retrograde Jupiter and Rahu are indicating for volatility, whereas other planets are giving support to the market. So, I feel that market is still under pressure of solar eclipse, but is trying to come out of such impact.
Saturn and Mars are confirming impact of foreign lands cannot be ruled out. Cues from foreign lands will be important.
Engineering, infrastructure, paints and related segments to housing can be better. Textiles can be better with paper, fertilizer and power etc.
It will be better to be watchful because market is range bound – 7350 to 7575 Nifty point level. Mercury is heading for total combustion so, this may show some pressure on banks etc.
Indian Rupee may trade in between 66.80 to 67.60 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market