Daily Forecast – Share Market – March 13th, 2019

Nifty may look for 11350 Levels | Keep and eye on Geo/Local cues

Jupiter, Venus and Moon are leading the day with support of Sun and Mercury (retrograde). Mercury is still bit away from Sun and protecting own house of share market. Indicating that mood is still positive, possibly due to local political impact and global cues may not be interesting but due to local political movement we may see another positive opening.

Crude and natural gas in global market is soaring. Impact can be seen in market in coming days. It will be better to trade with strict guards in coming days. Petroleum and insurance may remain interesting with banks and financial institutions.

INR may show some strength.

Infrastructure, power, metals, automobile, automobile tyres etc. with ancillary of automobile vehicles, IT, communication, communication instruments, electronics and electrical segment may be doing better. Time is coming to use the period and as and when required to book profit. Possibly next week we may see such actions. Still, market may look for profit booking at any stage or some other news may disturb sentiment of the market.

So, trade with strict stop-loss.

Indian Currency

Indian Rupee may trade in between 69.30 to 70.20 per USD.

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