Nifty Prediction : Nifty may show some positive moves | Be watchful | Wait for long

Daily Forecast – Share Market – March 2nd, 2020

Nifty may show some positive moves | Be watchful | Wait for long

Once again Rahu leads with Ketu, Venus with support from Retrograde Sun and Moon. Lord of the share market is still retrograde but has come out of total combustion position. I agree that global situation related to Corona is deteriorating and affecting the business all over the universe. Many countries have imposed travel restrictions, which may hurt travel and tourism Industry.

American market is low, badly affected areas are banks, financial institutions and automobile industry etc. These sectors are facing big setback. Rahu and Ketu are not encouraging me. I wish this observation goes wrong.

Crude is also suffering due to poor demand. Since, lord of share market is coming out of combustion position, so chances for the position of market may be bit better, probably some buying can be seen at lower levels.

I would like to be watchful for the running period. Nifty may look for some better levels. Wait for the pull back. Certain banks may give decent movements, which may give some rise in the market.

It will be better to be watchful in automobile, movements can be seen in communication and related segments. Volatility is again possible.

Indian Currency

Indian Rupee may trade in between 71.40 to 72.30 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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