Nifty Prediction : Nifty may range within 14850-15050 | Allow market to settle down
Daily Forecast – Share Market – March 17th, 2021
Nifty may range within 14850-15050 | Allow market to settle down
Moon with Jupiter is leading the day, well supported by Rahu, Mercury, Venus and Mars. Planetary position is changing, Venus has moved to its exalted sign, giving support to the share market, this Venus is ascendant lord, own strength. Indications from foreign cues and local cues/news from government/government agencies etc. may be supporting directly or indirectly this market.
Foreign cues may not be much supportive, Corona cases are rising in next wave. Emotions of the market will be good for wait and watch. Rahu may give some unexpected moves in either direction. That means market may show some dip and after that pull back. So, range of the market can be in between 14850 to 15050 or so.
IT is going strong or better with Logistics, health care, hospital, Defence, infrastructure, non-traditional, space related segments, communication, impact on entertainment, chemicals, battery, paints, cement, sanitary fittings, dairy, FMCG, pharmaceuticals, Jewellery, laboratory (heath related testing), insurance, petroleum, and many more segments may remain active. It will be better to wait n watch, before jumping for trade.
Let the market settle down. Only then decide for the trade. Companies like BEML and Bharat Forge may be showing movements. Non-traditional segments may remain active.
Indian Rupee may trade in between 72.30 to 73.00 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