Daily Forecast – Share Market – March 16th, 2021

Ups and down possible | Sell on upper levels possible

Moon, Mars, + Jupiter are leading the day with support of Mercury and Ketu. Impact of foreign cues will be playing role but buying from lower levels can be seen during the day or at the early stage of the market session.

Venus is close to change its sign and house, which will be giving exalted sign to Venus, and blessing house of share market. I feel that due to government’s announcements or policies or some news, market may get better breathing space and to provide momentum or give direction to the market.

Previous working day, market has shown recovery from lower levels and closed above 14900 levels of Nifty. It will be better to keep a close watch on the Market, buying from lower levels and selling on upper will not be surprising, because local indications are not strong or capable of deriving direction. Direction for the market may be seen in coming period, when Venus will be exalted and gain strength degree wise.

Coronal cases are rising, reintroduction of lockdown in various areas of country may give silent impact on the market. We must be careful about Corona, use Mask and go for Vaccination. Otherwise, we may face a tough period in coming period. Local issues and institutions may not be giving positive indications. Only foreign cues will be doing or giving directions.

Look for lower bases. Missing base in the market.

Movements in IT, communication and various areas. But reintroduction of restricted movements for gathering, hotels, or other gathering places. Trade with care in banks, metals, power, automobile ancillary, chemicals, Pharmaceuticals, and many more segments.

Trade with care during the day, currency is holding better levels.

Indian Currency

Indian Rupee may trade in between 72.30 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.