Daily Forecast – Share Market – March 10th, 2022

Small-mid caps better | Profit booking upper levels (possibility)

Sun, Mars, and Jupiter will be holding the key for the day with support of Moon. It is fact that economy of globe and nation is not improving, rather many nations are facing tough phase, with crude oil crises and global unemployment issues. Now, crude oil is also creating concerns for all the nations due to Ukraine – Russia crises.

All countries are worried, and this may help to sort out the crises of crude oil. Today, fall in crude may give impact on the market. Globally all countries are trying to keep a check on crude oil. Since lord of sea and crude oil is combust, so prices may show some downfall in crude.

Hence, market may show some rise in the Nifty levels. Now, second impact of elections in 5 states. Opening may show some advantage at the time of Opening, hence gap-up opening is quite possible.

Keep a watch on the market at/after 11:30 Hrs (IST). Today will be day of election results, so fluctuation can be seen during the day. Remember today is weekly expiry day, so possibly some profit bookings on upper levels will not be surprising.

Moments in IT, communication, logistics, travels and tourism, power, automobile, petroleum based companies, fertilizer, chemicals, insurance, financial institutions, solvents, currency, metals (for long), renewable energy, alcohol, and related segments, many more with research laboratories, space and defence related segments may remain active. Movements in small and mid-caps can be seen.

Trade and enjoy the trade with stop-loss. Ups and downs possible.

Indian Currency

Indian Rupee may trade in between 76.20 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.