Daily Forecast – Share Market – March 3rd, 2021

Range bound trade Possible | Buy on dip (for the day) will be better

Moon with Rahu is leading the day, well supported by Mercury and Sun. Importance of Rahu can not be ignored during the day. Indications are for the swing/wave expected during the day. Run in the market can be seen during the day.

Indirectly, foreign cues may also be influencing the market during the day. Global cues may not be decent. Indicating range bound trade (Nifty in the rage of 14800 to 15050)

Ups and downs also possible (Rahu can give bit unpredictability or some different game from Giant traders)

It will be better to keep a watch on financial institutions, communication sector. Communication instruments manufacturer, Petroleum – crude has some laziness, even then automobile tyres may feel some pressure.

IT, communication, entertainment, power, automobile, infrastructure, power, lubricants, many more segments may show movements during the day (either side). Automobile ancillary, automobile batteries, paints, cement, metals (be watchful with gold).

It will be better to buy on dip.

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.