Daily Forecast – Share Market – March 9th, 2022

Buying from lower possible | Strict stop-loss important (100 points Nifty)

Sun, Jupiter and Mars are leading the day, well supported by Moon. Foreign land’s lord is disturbing local sentiments. At the same time market is feeling bit better for the local political front. Crude oil prices may disturb countries economy.

Planets are supporting but lord of crude is disturbed, at the same time this may affect insurance and other related areas of sea.

Market trend is bit confusing, technically market may not be great supportive. Possibly we may see a pullback from the sold market. I feel that balancing and then possibly profit booking from the upper levels will not be surprising in coming period.

Tomorrow is weekly closing, so market may behave bit better than previous working days, possibly not better than yesterday.

Keep a watch on levels of the Nifty/market, so that if required one can sell products. Or better to say strict stop-loss will be good.

Areas like automobile, infrastructure, power, renewable energy, space, defence related segments, metals, chemicals, automobile ancillaries, gas based segments like Hydrogen and related segments, lubricants, oil exploration, synthetic and others (with care), IT, communication, logistics, travels and tourism, and many more including health related, hospital and others.

Trade with stop-loss. Market may show recovery from lower but it will be better to trade with stop-loss of 100 points in Nifty.

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