Daily Forecast – Share Market – March 11th, 2020

Nifty may show Volatility or weakness | Watch moves with care

Mercury has started transiting direct, I mean lord of share market and banks has changed the direction of transit (Budh ne badali Chaal). Ketu and Sun are leading the day with Jupiter, Rahu, Mars, Venus and Moon. Only Saturn is not active otherwise directly or indirectly all the planets are active. Moon is forming decent relationship with Jupiter and Mars. Foreign cues are important, but chances for the day may show a sort of Volatility. It is difficult to believe that market has regained confidence. Corona Virus indications are better in China, but global cues are not decent.

Crude is low, but curtail indications are possible. Currency is in a decent position.

I feel that due to change of transit of Mercury may try to move the movements, but we cannot ignore importance of Ketu and Rahu, jointly they are strong. So, it will be better to wait and see the levels of Nifty.

If market will see a pull back due to change in direction of Mercury, it will be better to wait for sailing in the flow of pull back. It will be better if precautions are maintained. Nifty may try to look for previous working day’s levels (will not be surprising).

Movements in almost in all the segments, but will it be positive – better to watch.

Protect your funds. Daily trading is not important.

Indian Currency

Indian Rupee may trade in between 73.30 to 74.10 per USD.

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