Nifty Prediction : Buy on dips and sell on rise | Look for Opportunities
Daily Forecast – Share Market – March 25th, 2021
Buy on dips and sell on rise | Look for Opportunities
Moon with Mercury & Saturn is leading the day, well supported by Mars with Rahu. Global cues may show better moves, but still better to trade with care. Global health issues are not supportive. Tomorrow is last working day before a long holiday. Today is weekly and monthly expiry. Nifty may trade near to previous day’s closing and may try to recover from lower levels. It will be better to trade stop loss of 14400 of Nifty and try for 14700 in Nifty (which may be tricky).
Globally, traders may try to pull out of certain segments where a good run was seen during the year, which may give some issue with IT and others. Keep a watch on FIIs, they are not giving positive indications.
CORONA cases are rising and Holi is ahead which will give gathering in many places, this may be tough for COVID purpose.
Next week will have only three working days. Keep an eye on the same.
Keep a close watch on Judiciary decisions.
Anyways, IT has shown a big runup after last giant dip of 24-03-2020, I agree that all the segments have shown good run, but IT, communication etc. had performed really extra-ordinarily, because these companies have performed during the lockdown period regularly and earned revenues and saved their overhead expenses also. Now, time is coming when we may see some trimming/Profit bookings – possibly in next week or next month. Keep a close watch on this area.
Currency and crude are maintaining its levels. It will be better to go for sale on rise and look for Opportunities at lower levels.
Activities in many segments can be seen, because all the segments are active. I am not expecting anything from agencies (policy based) etc. because lord of lagna is totally combust.
Trade with an intention to look for Opportunities at lower levels and selling Opportunities at upper levels (normal traders – save your funds). Money saved is like money earned.
Indian Rupee may trade in between 72.10 to 72.90 per USD.
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Categories: Share Market