Nifty Prediction : Range bound (+/-) 175 from Previous close | Opportunities either side
Daily Forecast – Share Market – March 18th, 2021
Range bound trade (+/-) 175 from Previous close | Wait for Opportunities either side
Moon is leading with support of Jupiter, Saturn, Mars, Mercury and Venus/Sun. Indirectly entire horoscope is active, Rahu and Ketu are also active because of Mars. Exalted Venus is in the shadow of Sun, and only 2 degrees away from Sun, heading for total combustion. INR is enjoying its position, which may be helping local market. Although, foreign cues will also be supporting emotions of the market. It seems that buying from lower levels can be seen. Let the market settle down for one hour, if will retain levels of 14850, then chances will be better for upper levels. Wait for stability.
COVID is creating concern in India. It will be better to be watchful in person and market also.
Foreign cues can be a trap for a while, buying from lower levels and sell from upper levels. It will be better to say that range of +/-175 points from previous closing will be better.
Activities in all the areas can be seen, because all the planets are active. Look for opportunities in Automobile at lower levels with Infrastructure, reality and metals etc.
IT, communication, internet based entertainment, e-commerce and other related services may remain active in coming period. I will look for such products for long run, reason is – in COVID effected period, such service will always remain active along with FMCG, and to support logistics with automobile etc.
Pharmaceuticals and chemicals with health-care laboratories etc, may remain decent. Insurance and banks – look for opportunities at lower levels.
Trade with care, look for opportunities at lower levels (long term). Wait and watch, daily trading is not necessary.
Indian Rupee may trade in between 72.10 to 72.90 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