Nifty Prediction : Another Pullback possible | Trade with Patience and care

Daily Forecast – Share Market – March 2nd, 2021

Another Pullback possible | Trade with Patience and care

Moon is leading the day with Rahu, well supported by Mars, Sun and Mercury. Indirectly all the planets are active. Foreign cues, waves may be influencing the market.  Indications are that market may further move upward for a while. Possibly once again small gap-up opening. Currency may feel some pressure.

Consumption of crude may go down in coming period, which may influence crude oil prices. This may give positive moves in Gas and related segments. This may give some advantage to our local market.

Local market is indicating some movements on either side, it will be better to trade with stop-loss on both sides.

Movements in IT, communication, electronics and electrical etc., engineering, automobile ancillary, automobile tyres, Oil related companies, leaf-based, rubber, solvents, banks and financial institutions etc.

Many segments may be ready to show movements, but it will be better to trade with caution on upper side. If Nifty moves ahead of 125 points, Rahu may play for volatility or wave like situation.

I will look to settle down on upper levels.

Indian Currency

Indian Rupee may trade in between 73.00 to 73.80 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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