Daily Forecast – Share Market – March 15th, 2022

Profit booking on upper levels | Look for Opportunities

Jupiter with Moon is leading the day well supported by Sun, Mars, Rahu, Saturn and Mercury. Importantly, Sun has moved in Pisces sign, crude may show some reversal moves, currency is maintaining its own position.

Banks may show better performance after 24-03-2022.

Geo-political situation may be showing some important movements, which may influence the market in coming period. Rahu is close to change its sign and house, indicating some changes in coming period also.

Corona cases are giving alert globally, again started from China. It will be better to take precautions, because planetary positions are close to change their position. This may hurt global demand of various products.

Pressure on upper levels, as mentioned in my previous post that possibly profit bookings on upper levels. But Market has not much negative impact according to the planetary position.

It will be better to look for opportunities and buy at the lower or better levels for the coming period. Remember, Holi will be on 18-03-2022, so an extended weekend is also ahead during this Geo-political situation, so plan accordingly.

Areas like petroleum, petro-based segments, paints, automobile tyres, logistics, IT, communication, banks for the coming period, e-commerce, power, ups and downs in automobile but chances of advantages, renewable energy, alcohol, spirit, and many more may be showing movements.

Trade with care, look for the advantages in coming period.

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.