Nifty Prediction : Volatile Period | Sell at Upper levels | Look for Opportunities at lower base
Daily Forecast – Share Market – March 4th, 2020
Volatile Period | Sell at Upper levels | Look for Opportunities at lower base
Rahu, Ketu, Venus and Mars are controlling the opening of the day with Sun. Volatility during the day will not be surprising. Impact of foreign cues will be influencing the market at opening. After settling down the market or better to say after 2 hours, change in the moves possible. Suddenness may give impact on the market.
Import export related issues, health care, Virus (Ketu and Rahu are playing important role) related biotechnology will be doing some better.
Crude is not strong, but currency (INR) is weak.
Chemicals involved in Pharmaceuticals may be doing better. Now, Bulls are trying to grip the market, but Volatility is also possible. Certain big players may be trying to build upper levels and then clear their stocks or positions. So, casual traders should be watchful, at the same time long term investors can try to avail advantage of low levels of good equity.
Global cues are serious due to Corona Virus. Watch stop-loss. I agree that lord of the share market has come out of combustion, but Mercury is still retrograde. US has indicated Emergency along with Australia. Indications are clear for the Indian market also. Corona patients have been identified in India.
I will prefer to look to sell at upper levels and look for opportunities at lower levels.
Indian Rupee may trade in between 72.50 to 73.40 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market