Nifty Prediction : Positive Opening possible | Buy on dip and sell on rise possible
Daily Forecast – Share Market – March 9th, 2021
Positive Opening possible | Buy on dip and sell on rise possible
Moon, Mars, Sun with Jupiter are leading the day, well supported by Mercury. Keep a watch on Foreign cues again. Since, Mars is with Rahu, indicating that impact of Rahu can be seen on Mars also, so fluctuation or unexpected moves in foreign related movements can be seen or will not be surprising. This may give buy on dip and sell on rise.
Local market is also swelling but point of concern for the coming period can be rising crude price. This may give some pressure on economy of nation. Still Nifty is in better emotions, because of some news and movements in foreign market.
It will be better to take care or cautious moves in technology sector for a while. Gold is not so strong may be because of Bonds in US market. Still, I feel that market may belief in buy on dip and sell on rise. Remember, Sun will be moving in Pisces sign on 14-03-2021, that means lord of automobile, infrastructure, reality etc. will not be in a position to give strength to own house, so it will be better to be watchful after this period. Tomorrow will be expiry for the week, because of Mahashivratri on 11-03-2021 (holiday in the market).
Banks may be bit watchful, but market may move with positive mind set. Movements in IT, communication, Automobile, power, reality, infrastructure, chemicals, pharmaceuticals, health-care related, leaf, coffee, FMCG and many more segments may remain active, because indirectly all the planets are active, with sugar and related industries like alcohol, spirit and many more. Carbon black with solvent may be doing well.
Buy on dip and sell on rise possible. Positive opening again possible.
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.
Categories: Share Market