Nifty Prediction : Seems Positive Opening |Stop-loss important
Daily Forecast – Share Market – March 15th, 2021
Seems Positive Opening |Stop-loss important
Moon with Jupiter, Mars and Mercury is leading the day. Indirectly, all the planets are active. Venus is heading for its exalted sign, which will be blessing house of share market in coming period. Importantly, lockdown in few towns is reintroduced, foreign cues will be playing important role. Government policy will be important for few segments.
Lord of automobile is not supporting own house, but news from Government may give some boost to this segment on date. Same is with reality and infrastructure.
Covid cases are rising in India, it will be better to take necessary precautions to protect ourselves from this Pandemic (return).
Global cues may be supporting on date, which may give positive opening in the market. I will again try to trade with care, as it was on last working day in the market. INR will be able to hold its levels.
I will prefer to trade with stop-loss of 14800. Chances of gap-up is possible, and market may try to hold the levels. Market is looking for breathing space in the market.
IT, communication, travels, insurance, automobile (may be due to government’s policy), automobile tyres, entertainment, e-commerce, FMCG, banks (either side), FIIs, defence, metals, electrical and electronic, space related devices, Optic fibre, batteries, automobile ancillary, and many more segments may be showing activities during the day.
Indian Rupee may trade in between 72.40 to 73.10 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