Daily Forecast – Share Market – March 23rd, 2021

Buy on dip and sell on rise | Nifty may look 14600 & 14900

Moon with Saturn is leading the day, well supported by Jupiter, Mars, Rahu and Mercury. Global cues and other cues may be doing better and buying from lower levels and continuity from previous working day can be seen. But pressure on upper levels will not be surprising. Rahu may give volatility time to time.

Activities in many planets indicates that many segments may remain active. Small caps and mid-caps may also remain interesting. Currency is indicating that INR is maintaining its level.

Although Geo-market condition may remain positive, Judiciary and banks may remain interesting for the market. IT, logistics, e-commerce, communication and likewise segments may remain interesting due to rising corona cases. These segments are helpful for work from home conditions or tough/challenging global conditions. Still, I believe companies and government must invest for long term planning + Research and development areas. Defence will be decent for the coming period.

Insurance, sugar, pharmaceuticals, IT, communication, logistics, FMCG, Petroleum and laboratories, with banks and financial institutions, sea related segment, Keep a watch on PSU banks, defence related segments, chemicals, metals and automobile tyres etc. may remain active with many more mid-caps and small caps segments.

Market may show volatility (I am suspecting because or Role of Rahu and conjunction with Mars) for 150 points (ups and downs) down chances still active but may look for 14900 also and at lower side may test 14600 of Nifty.

It will be better to buy on dip and sell on rise (as and when required).

Indian Currency

Indian Rupee may trade in between 72.20 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.