Daily Forecast – Share Market – March 4th, 2021

Profit Booking Expected | Nifty may look/Breach 15100 or so

Moon with Rahu is leading the day, well supported by Mars, Jupiter and Mercury. Mercury and Jupiter are involved in Planetary war, on date Jupiter is defeated in this Planetary war, but Mercury will not be able to give its best. This means that lord of share market may not be give best of support to its own house, at the same time Moon is helping for share market. So, ups and downs can be seen during the day.

Indications from foreign cues may not be good or better than previous day, but market may show profit bookings from the upper levels. It will be better to enjoy the advantage and look for better companies at lower rates.

Moon and Rahu are ready to give once again a wave with support of Jupiter. All the planets are active indirectly or directly. So, movements in all the segments can be seen during the day. This means ups and downs with the support of many segments.

Nifty may look to breach 15100 levels or look for 15100. Trade wisely, again allow market to settle down, before entering for buying stocks or deciding for Options call/Put.

Trade wisely, tomorrow again foreign cues may remain important. Indications from US may be strong GDP and strong spending in the market, which can be decent for their market, but indications are also that spending from government side is/was very strong to support their economy of market/business.

China is involved in 10 years economic growth map.

We must watch our status and involvement in the related segments.

It will be better to keep a watch on IT, communication, Pharmacy, laboratories, it will be better to focus on green energy vehicle and other products for long term.

Profit booking possible and Nifty may look for 15100 or so.

Indian Currency

Indian Rupee may trade in between 72.50 to 73.40 per USD.

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