Daily Forecast – Share Market – March 11th, 2019

Market seems to hold 11000 levels | Keep a watch on Global cues

Venus is supported by Jupiter, Sun, Mercury (retrograde) close to total combustion, Saturn and Moon. Lord of share market and bank is in the shadow of Sun. Resulting unable to give the best of its results. Indicating some pressure on the market will not be surprising, whereas other planets are trying to support during the day. Nifty may try to hold 11000 levels. Range to upper side may not be much high. It’s a time to trade with care for the week. Because market is looking for direction.

Currency is trying to hold close to 70 INR. Crude is rising.

Petroleum, insurance, research-based segments, sea related segments, vehicles, cement, infrastructure, power, automobile tyres, Leather, shoes, textiles, leaf-based areas, IT, communication and logistics etc. may remain in action during the day.

It will be better for casual traders to wait and watch for the period, regular traders should trade with strict stop-loss, because after 15-03-2019 situation of the trade may change for a week or so.

DII will wait for some time to buy from lower levels. FIIs have gone for a buying in previous market session (partial). Global cues are important for the day along with Political meter

Global cues for slow down in giant market can be seen, because China’s Mahadasha is in chhidra dasha and dasha chhidra.

Indian Currency

Indian Rupee may trade in between 69.40 to 70.40 per USD.

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