Daily Forecast – Share Market – March 26th, 2021

Better to be watchful at 14550 or so, then move | Gap-up Possible

Moon with Saturn is leading the day, well supported by Mercury, Jupiter, Ketu and Mars. Foreign cues may be positive but impact of FIIs, and local issues like rapidly rising COVID cases, which is not good. Planetary position is again indicating impact of Judiciary can be seen during the day.

Crude has pressure possibly return of COVID, although Vaccine is introduced in the market, even then possibly new strain of COVID or carelessness of public may be cause of rise in Pandemic again.

Planetary position is indicating that market may try to show some recovery from lower levels. Even then pressure on market can be seen at any moment. Market will be closed for long weekend due to Holi festival and next week will have only three working days due to Holi and Good Friday on 02-04-2021.

FIIs are main cause of concern.

Even then market may show buying from lower levels and pressure on upper levels not surprising. It will be better to take guards at 14500 or so. Wait at this level only after stable movement, plan for next move.

Sell on rise and buy on dip (better levels of equities only). Still lord of ascendant of horoscope is totally combust, close to the same degrees of Sun.

Movements in IT, communication, logistics, entertainment (either side), Paints, petroleum based products, automobile ancillary, batteries, adhesives, transport, insurance, banks, financial institutions, e-commerce, online entertainment and many more segments with cotton, silk and others, textiles, agriculture produces and Pharmacy etc. with health-care segments may remain active with laboratories etc.

Buy on dip and sell on rise. Ketu may give better mood.

Indian Currency

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.