Daily Forecast – Share Market – March 5th, 2021

Nifty may feel Pressure | Protect funds | Trade wisely

Moon with Mars is leading the day, well supported by Mercury, Sun, Saturn, Jupiter and Rahu. Importance of foreign cues will be important during the day, resulting further dip in the market. It will be better to say that previous working day’s performance may continue for the day. Nifty may look for 14850 or breach this level (if this will happen, not surprising for me). But movement in many segments can be seen during the day. It means, chances of mid-caps will be better or in comparison to Large caps.

Please keep a watch on foreign cues, FIIs, Foreign bonds etc. this may give some guidance for the coming period of local market’s trade. I will prefer to watch with care and look for proper opportunity (as investor), only hard-core traders may trade, otherwise for casual traders, this may be tough to negotiate this period.

Time to protect funds, instead of daily involving in trading. It will be nice to say that money saved is as good as money earned (in this type of period).

Movements in IT, communication, entertainment, PSUs may be giving some movements, metals and related segments, defence, automobile, automobile ancillary, non-traditional segments, banks and financial institutions may be very influential for the market, keep a strong watch on financial institution also.

Indian Currency

Indian Rupee may trade in between 72.90 to 73.60 per USD.

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