Daily Forecast – Share Market – March 4th, 2022

Nifty show Pressure | May look for 1% dip | Crude still alarming

Sun with Mars + Jupiter, well supported by Rahu and Saturn. Lord of foreign land is still afflicted due to planetary war with Venus. Key factor will be news from foreign lands or better to say that geo-political situation. Russia and Ukraine war is cause of concern. I agree that possibly crude may give some better news but still very high. Economy is disturbed and will be further disturbed because of this war.

Nifty may prepare to look for again lower values. Sudden global news may be alarming. Keep a watch.

Chaturgrahi yog is creating trouble. As mentioned in my post related to Panchgrahi yog, I am afraid of punishment from Judiciary lord Saturn and commander Mars may lead us to some disaster or bigger loss, in the running period. I wish this should not happen.

Trade with care.

Still areas related with metal, energy, renewable energy, and many more such areas will be much attractive. Defence products manufacturing segments may remain attractive for the coming period. Banks are bit cause of concern, with many more traditional segments. Communication, IT, logistics, non-traditional segments, electronic and electricals, space related areas. Food and related segments may remain active. Metals due to global situation may remain better.

Commodities will be better.

Remember, today is last working day of the week and war is on. Avoid long positions for trade. Trade wisely.

Nifty may look for next lower levels. If Nifty will breach 16150 then not surprising.

Indian Currency

Indian Rupee may trade in between 75.20 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.