Daily Forecast – Share Market – March 6th, 2019

Nifty may look for (+) 50 points | Be watchful at upper levels

Venus and Jupiter are controlling the day with support of Saturn, Rahu, Sun, Moon and retrograde Mercury. This Mercury has started transiting retrograde from last night, hence, values of previous closing will be important in coming period. Indicating that market will be showing again same value of 10987 on or before 28-03-2019. Normally, this retrograde may show reversal moves in the market. I agree that another six planets are active, so they will be governing market accordingly. Even then it will be better to trade with care on upper levels. Other planets may try to pull market up and show Level of 11050 for Nifty.

Crude may show some upper movements. Insurance, research based, sea-based segments, IT, communication, Aviation, textiles, leather, engineering, banks (trade with care for bank) etc. may be in better mood. Agriculture related automobile, automobile, automobile ancillary, wine, alcohol, spirit, non-traditional segments, seamless pipes, Petroleum etc. may show some movements. Natural gas with sea-ports may show some movements.

Products based on Petroleum may show some pressure.

Rahu may give sudden changes in the market. Previous day it gave nice change – a sudden rise but may show surprising moves too. Hence, be ready to book profit as and when required. Please be watchful for the trend of the market.

Indian Currency

Indian Rupee may trade in between 70.20 to 71.20 per USD.

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