Nifty Prediction : Sell on rise | Tricky Market | Investors look for Opportunities
Daily Forecast – Share Market – March 19th, 2021
Sell on rise | Tricky Market | Investors look for Opportunities
Moon is leading, with Mercury, Jupiter, Sun, Mars and Saturn. Lord of ascendant is in exalted sign, giving support to the house of share market, but is close to total combustion, that means may not be in a position to give support to the house of share market in proper way. Many segments may be showing movements, but impact of foreign cues will be important.
I feel that it will be better to sell on rise will be better, because market is close to budget levels, if that such level is breached then further fall is possible, I am afraid of combust Venus.
This period may give opportunity to pick good equities at better rates. Look for Opportunities.
Corona is on rise, states may force Lockdown (fully or partially). Previous experience to the government may not guide governments to go for total lockdown, reason is – pressure on economy, loss of jobs and may more.
IT, logistics, banks, financial institutions, crude/Petroleum, insurance, metals, defence, export related, laboratories, sugar, agriculture related, infrastructure, power, metals, electronics and electrical and many more segments may be showing movements. E-commerce, communications, entertainment (digital) and many more likewise segments.
Trade with care, look for Opportunities, traders should be watchful with stop-loss, investors can look for Opportunities or maintain patience (as we do at the time of fishing), pick good equities for long run.
Indian Rupee may trade in between 72.40 to 73.20 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