Nifty Prediction : Keep patience | Volatile day expected | Pullback possible
Daily Forecast – Share Market – March 3rd, 2022
Keep patience | Volatile day expected | Pullback possible
Sun, Jupiter with Mars are leading the day, well supported by Rahu. Crude may be playing important role in coming period along with Geo-political situation. I feel that during this conflict of Russia and Ukraine, situation is not comfortable for us. Possibly US may not be facing issues related to crude as much as we may suffer.
Indications may be for little bit better trend, but practically many industries may have to suffer. GDP will also be affected; inflation will be badly influenced because of this crude oil rise. Purchasing bill of oil will be very high. So, for long run it is hurting our economy directly and indirectly. I had estimated for shortage or scarcity of energy by the end of 2021 or beginning of 2022, but it landed in February 2022. (This was mentioned in my 5-6 months back posts)
I feel, this may hurt market growth, slowly or extremely in coming period. Unemployment issue is still haunting common man and purchasing of various segments. Only selected areas are giving growth like IT, communication, metals, ore, energy, power and many more like this. Plan, accordingly, banks will always be involved in growth of economy.
Keep a watch on FIIs. Volatility is possible despite of positive opening.
Keep a watch on Geo-political and local political situation along with some patience.
Indian Rupee may trade in between 75.10 to 76.00 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