Nifty Prediction : Global cues important | Trade with watch | Mood still positive

Daily Forecast – Share Market – March 20th, 2019

Global cues important | Trade with watch | Mood still positive

Venus, Jupiter and Sun are leading the day with support of Mars, Saturn and Mercury (retrograde). It is interesting that the lord of the share market is falling unable to give best of its support to own houses, even then other planets are reacting and supporting the market. Or I can say that after 06-03-2019, market has tried to settle in the zone above 11000. Today again planets are strong enough to support the share market. Watchful move will be better during the day.

But crude is soaring, which may give impact in the local market at any moment. Because may show some sudden rise or sudden changes. INR is supporting for a while. That’s why probably impact of crude is not seen much.

Few foreign cues may try to give some impact on the market. Planets are active to support market.

Petroleum, financial institutions, banks, infrastructure, power, building related segments, metals, automobile tyre, automobile ancillary, vehicles etc. along with paints, automobile batteries, domestic batteries etc. Electrical and electronics, leather, Textiles, educational segments, Gas and chemicals, solvents, rubber and flexi-luggage etc.

It will be better to trade with stop-loss. Because market may show consolidation or trimming on upper levels.

Indian Currency

Indian Rupee may trade in between 68.50 to 69.40 per USD.

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

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