Nifty Prediction : Waves (lower side) possible | Only strong companies for long

Daily Forecast – Share Market – March 16th, 2020

Waves (lower side) possible | Only strong companies for long

Sun and Venus are leading the day, with support of Mercury, Mars, Jupiter, Rahu and Ketu. Moon will move in Sagittarius sign at 11:11 Hrs (IST). It’s not the time to talk about levels. I agree that market has seen very big correction. This may give chance to sail in the current of the flow of market. Even then I am afraid of bit volatility after some time of opening. Foreign cues are important, but at the same time local conditions are more important.

Index Traders be watchful (precautions for funds important)

Ketu will gain strength, indicating that virus impact may increase in coming period. Globally, situation may be bit more tough. In India we must take more precautions.

Although previous day we had seen great fall and then remarkable recovery from lower levels. Global markets are indicating for 10 years yield (Like Germany, France and many more). We have yielded 7 year. It will be interesting to see proceedings during the day, because again wave like sea can be seen in either side (direction wise). Confidence in the market (according to the planetary position) is missing. Previous day, I had suggested to protect your funds. Only long-term investors can look for only very strong companies at lower rates but stage wise, to get the proper levels of their equities, I mean to get the average better.

Intraday traders can use their intellect and go with very strict stop-loss. Global cues will be important along with the Gold and Crude oil levels. I feel market may look to form a base.

Waves will not be a surprise. Look for Opportunities on both sides.

Maximum segments will be playing their roles. Only point is good equities will be showing better movements during this condition. Trade with care.

Indian Currency

Indian Rupee may trade in between 73.40 to 74.30 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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