Daily Forecast – Share Market – March 8th, 2021

Nifty may trade within Range (15100 to 14800) | Foreign cues important

Moon with Mars is leading the day, well supported by Jupiter, Rahu, Venus, Sun and Mercury. Foreign cues may be playing important role, like Package in US, China’s working for economy planning for next ten years etc. I believe that market may be behaving positively during the, but some Profit bookings on the upper levels is quite possible.

Technical traders can work out on Put and call both, to test the levels after 15050/15075.

Because of foreign cues, nifty may look for 15100 or so. Gap-up opening will not be surprising. It will be better to allow the market to settle down and then decide the trade. Nifty may be in the range of 15800 to 15100. Crude is rising, which may give advantage to the oil exploring companies.

Rahu with Jupiter is may give wave like movements in the market.  Growth in the global economy is possible, but still point of concern is for COVID rising cases not only in India but Globally also. Countries may look for the lockdown to check their growth in COVID Pandemic.

Since seven planets are active directly and indirectly all the planets are active, which may give movements in many segments, indicates mid-caps and small caps may remain active than large caps, this does not means that large caps will not be showing positive movements, they may also remain active.

IT, communication, logistics, travels, metals, automobile, automobile tyres, chemicals, Pharmaceuticals, electrical and electronics with metals and many segments may remain active for the day. Non-traditional energy, energy and alcohol with spirit, wines may remain active during the day.

Trade with the wave, enjoy the trade.

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.