Nifty Prediction : Wait to settle down | Traders caution better

Daily Forecast – Share Market – March 5th, 2020

Wait to settle down | Traders caution better

Ketu, Venus and Rahu/Jupiter are active with Sun and Mars. Foreign cues, crude, Currency will be important during the day, along with Virus impact, because Ketu is active. Research related segment is also active. Since, lord of the horoscope of India is strong, so news from Government may come with reference to Virus or other issues. Which may give some better feel to the market.

Sentiment of local market may have some influence of Newly developed concern related Corona Virus. INR may further show weakness against USD. Foreign cues will be important during the day. News related to Crude may come shortly, Jupiter is close to changing its house and sign (end of the month).

Trade may change after one hour or so of opening. Or may change trade movements by the end of the day (just a possibility due to planetary movements). Waves can be seen during the day.

Let the position of market settle down, before deciding any strategy. It’s not a time to look for long term trades. Investors can look for ONLY good equity at the lower rates. Because, even if market goes down, recovery chances will be safe in long term.

Impact of currency should not be ignored. Wait for the news from government or their agencies (in coming period).

Indian Currency

Indian Rupee may trade in between 72.80 to 73.80 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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