Daily Forecast – Share Market – March 22nd, 2021

Nifty may be in range of +/- 200 for the coming period

Moon with Rahu and Saturn well supported by Mercury + Mars. Foreign cues may be playing some role in our market, reasons are our own weakness. Mainly our companies (majorly earning revenues from foreign lands) are involved in service industry or subletting Indian brains to other nations and making money or soft language – companies are doing their jobs. When we are in Job work business, then our business will be based on the political or other situations of that nation or of that company (international ups and downs).

Planetary position wise lord of ascendant Venus is in combustion zone and shortly will be totally combust. This means, government news and announcements may not be much influential. Judiciary may be important during the period.

This is also fact that our companies have not invested in 10 years or 15 years planning – in new technologies – where we can use best of the brains and become number 1 in universe or compete with leaders of that technology. That will not only give stability to our market but will be saving big money of nation. Say for Artificial intelligence/solar energy/lithium batteries or likewise new technologies, new imaginations etc.

Defence is developing, because this segment has started working on the new dimension, but still need to invest in research for their upcoming requirements. If companies can do such investments, undoubtedly for very long term they can be real multi-bagger. But these companies are looking for connectivity with Private sectors. So, for short long term can be decent.

Market is looking for better returns in coming months, but as on date – impact of lockdown in some countries, and rising corona cases in our own country is creating some doubts.

Market may have some ups and downs, but Rahu may give sudden rise or dip in the market for traders. Look for Opportunities at the lower rates for good companies.

IT, communication, OTT, e-commerce, logistics, sugar, Pharmaceuticals, leaf-based segments, rubber, health care laboratories, Petroleum, Optic-fibre, and many more segments related defence, or any company which is involved in defence etc.

Volatility is possible. Range for Nifty of +/- 200 within the week. Trade accordingly.

Indian Currency

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.