Daily Forecast – Share Market – March 6th, 2020

Guard Funds | Banking and Foreign cues Important | Pressure Possible

Ketu with Venus is holding the key, well supported By Jupiter, Saturn, Sun, Mars and Rahu. High impact of Rahu is minimized but is still active. Ketu is indicating its importance, influencing the market with unknown Virus – directly or indirectly. Pharma – certain areas are benefited. Research and laboratories may remain decently active.

Market may show sudden dip at any day, so trade with care. Global cues may be negative. It is difficult to say the levels. But again, buying from lower levels possible. Time to Guard money/funds. Local issues related with banks (Rahu/Ketu with exchange of Mars and Jupiter) as I have mentioned in earlier posts will be again important.

Crude may also be playing some role. Foreign cues can not be ignored, because lord is active. Sea related issues are heavily giving impact globally. It will be further tricky when Mars and Saturn will be in conjunction for around 45 days.

Rahu in the house of banks and regions, has done a lot negatively as well in some cases positively. It will be better for us to look for betterment and opportunities (as and when available). Avoid odd statements.

Clouds of uncertainty from the market have not gone. It’s a last day of the week and next week is short of one day for business purpose because of Holi. Market may consider all the aspects, so bit confusing stage can be seen due to foreign cues etc.

Lord of share market is slowing down to change its direction of transit. So, no support (proper from the lord of share market and banks). Next negative move for travels and tourism, and other segments may not be supportive.

Trade with care, protect funds/money. Currency is also weak.

Indian Currency

Indian Rupee may trade in between 73.40 to 74.40 per USD.

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