Daily Forecast – Share Market – March 24th, 2020

Chances of Buying from lower | 5 malefic planets active | Avert traps of Big bulls

Sun, Saturn and Rahu are controlling the day with support of Venus and Ketu. Control of malefic planets can be seen during the day. Possibly, market may show some buying from lower levels, but I will not be positive to look for long term investments or taking a sigh of relief, because this may be one of trouble for casual traders and long-term investors.

Malefic planets indicate that this can be one move to make money, who have purchased at lower rates on previous day.

Lock-down situation in the nation and global levels does not give any support to the consumption story or base to boost the economy of companies.

This may give some advantage to crude oil – means chances for recovery in crude oil prices. Currency levels are weak and may further give advantage to USD.

We must know that Many European countries have yielded 10 years levels, whereas we have yielded 6-7 years levels. Only advantage will be Pathology laboratories. I would like to be watchful for the period. Reason is our internal situation getting weakness due to lock down and other issues.

Chances for rise from lower levels.

Indian Currency

Indian Rupee may trade in between 76.00 to 77.00 per USD.

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