Daily Forecast – Share Market – March 7th, 2022

Protect funds | Nifty may look for 15500 in coming Period

Jupiter, Sun, and Mars are controlling the market, with the support of Venus. Indications are clear that due to geo-political and crude oil market may be affected badly. Importantly lord of horoscope of India’s horoscope is defeated in planetary war with the lord of foreign lands etc. Pressure on India, Indian currency, and other issues can be seen during the day.

It seems that in coming days market may look for 15500 of Nifty.

Pressure will be seen due crude and geo-political situation. Shortly, impact on Petrol and diesel prices with gas can be seen. Possibly a steep rise. There can be local and geo-political reason.

Currency is also affected it may look for 77 INR against USD. Undoubtedly these issues may hurt the sentiment of the market.

It will be better to watch with care. Banks etc. may be under pressure. Keep a watch on banks and financial institutions. Impact on Automobile tyres, Paints, and others where Petroleum products are used as raw material. Synthetic rubber and many more will be badly affected, this may also include synthetic cord manufacturing and related areas like synthetic textiles, poly-furniture industries etc. Since, chip is running short, so many other related products will also be badly affected.

Indirectly cost of all products will increase and may hurt inflation, without good employment data (in India).

Trade wisely. Protect funds.

Indian Currency

Indian Rupee may trade in between 76.10 to 77.00 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.