Nifty Prediction : Market may remain Positive but Lazy moves Possible
Daily Forecast – Share Market – March 31st, 2021
Market may remain Positive but Lazy moves Possible
Moon with Jupiter and Mercury is leading the day, well supported by Saturn + Mars. Local cues are doing better than the foreign cues, but this does not mean that we can ignore foreign cues. Corona issues are alarming in various parts of country, which may give impact on economy in coming period (directly and indirectly).
Mercury is ready to move in Pisces sign in next trading session, that means a Neech lord of share market is giving blessings to own house of share market. Indicating that lord of the share market may be supporting own house for 16+ days (coming from tomorrow). It means – whatever will be planetary position, this lord will try to protect levels of share market and may give some advantages to the house (share market).
Market seems to look for 14900, we must keep a watch on quarterly performances of companies and segments. Estimated performance for IT, communication may remain better in coming period. It will be better to say that speed related segments may be doing better during the period. Reason will be – Pandemic may not hurt working for such areas.
E-commerce, FMCG, automobile, automobile tyres, batteries, cycle manufacturers, casual dress manufacturer, Pharmaceuticals, health care laboratories, insurance, electrical and electronics, defence, space related areas, non-traditional segments, alcohol-based segments, sugar, agriculture based products.
In coming period Jupiter will also be changing from Capricorn to Aquarius, which may give changes in Pandemicmovements.
Trade to hold levels, lazy movements may not be surprising.
Indian Rupee may trade in between 73.00 to 73.70 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market