Nifty Prediction : Market may show buying at lower | Global cues important
Daily Forecast – Share Market – March 18th, 2020
Market may show buying at lower | Global cues important
Venus with Sun is controlling the day and well supported by Rahu, Ketu, Sun, Mars and Jupiter. Global conditions and Virus hit situation along with our own slow down before this Virus issue are main cause of concern during the period. Planets are not supportive. Big players may play their game for Ups. Trade with care.
It will be better to play neutral and see movements for one hour or so. Then decide for the day.
I agree that good equities are available at attractive rates, but shortly planetary position is going to change like Mars and Jupiter will be changing their position within this fortnight. Importantly during this running Chaitra Krishna Paksha we have one Tithi Kshay and one Adhitithi. This is rare event.
Market is facing Utha-patak, secondly Rahu and Ketu are also playing for Volatility. From 22-03-2020, Mars and Saturn will be in the same sign, so this Pandemic (Corona Virus) or some other natural calamity may hit Universe. Previously on many occasions this combination has given Plague and other Pandemic (inclusive in developed nations like US etc.). So, till 30-03-2020 situation may be bit tough after that for few days Jupiter will enter in Capricorn (30-03-2020), so that may be period of little relief (possibly).
Still, I feel that movements from lower levels can be seen, (smart people’s move). Global cues from western world is not decent.
Many segments are active, so whatever movements will be seen – will be for many segments. Banks due to certain banks may show movements.
Nifty may try to show some recovery, but I am not confident for long as on date.
Trade wisely during this period. Foreign cues may be decent which may give impact in local market.
Indian Rupee may trade in between 73.30 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.
Categories: Share Market