Nifty Prediction : Nifty may look for 17150 | Profit booking possible on upper levels

Daily Forecast – Share Market – March 17th, 2022

Nifty may look for 17150 | Profit booking possible on upper levels

I wish that possibly Holika dahan may help us by doing “SWAHA” of all bad impacts of market and Corona relate issues.

Jupiter with Moon is leading the day, well supported by Sun, Mars, Rahu and Venus. Dasha wise, period is better, and impact of foreign cues can be seen during the day. Possibly, we may see crossing of 17000 marks of Nifty. Remember, today is the weekly expiry and last working day for the extended weekend.

It seems that market may open with positive note and may show gains of more than one percent gains. That means Nifty may touch 17100 or so. Chances of Profit bookings on upper levels can be seen. Reason – Geo-political situation and our long weekend. Rahu always gives us a chance of Ups and downs for the market. It will be better to keep a watch on Geo-political news and local news also.

Trade with positive but careful moves. Profit bookings as and when required on upper levels.

Areas like petrochemicals, petroleum, insurance, IT, communication, automobile, space, web based segments, e-entertainment, entertainment, hotel and tourism, travels and related segments, logistics, chemicals, leaf-based products, coffee, readymade garments, textiles, leather, health-related segments, metals, alcohol, non-traditional segments, FMCG, sugar, and by products of sugar like ethanol and flexible fuel, spirit and many more may be showing movements.

Keep a watch on mid and small caps also.

Market may show positive moves in early hours of the market. Nifty may look for 17150 or so. Profit bookings possible on upper levels.

Indian Currency

Indian Rupee may trade in between 75.70 to 76.50 per USD.

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

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