Daily Forecast – Share Market – March 30th, 2021

Market may show Positive mood | Waves (Ups and down) not surprising

Moon with Saturn is leading the day, well supported by Mars, Rahu, Jupiter and Mercury. Indicating that market may show opening according to foreign cues and possibly positive opening from previous levels.

Crude may show some rise, which may give impact on oil marketing companies. Corona cases in India and globe is rising, which may give impact on the market. State governments may take necessary steps. Possibly, not so harsh as it was in previous year.

Remember, this week has only three days of business, financial closing and others are important factors for the business. Even then, lord of Share market will be moving in Pisces sign, which will be protecting own house from debilitated position. That means, this will try to protect own house of share market by any means, even though other planets may be playing their role.

We may see changes in the trading style after 12:30 or so.

Movements in many segments can be seen. I will prefer to look positively in the segments related to defence, IT, communication, fibre optic or non-traditional areas, with infrastructure, power, paints, logistics, FMCG, Petroleum and likewise segments, insurance – general and health, laboratories, health care laboratories, Pharmaceuticals etc.

Look for Opportunities at lower or decent levels for various good companies. Traders can look for better levels -Nifty may look for 14700, better to say positive wave. Wave may give some Volatility also or in coming period.

Enjoy the trade and pick decent stocks for investments.

Indian Currency

Indian Rupee may trade in between 72.30 to 73.00 per USD.

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