Daily Forecast – Share Market – March 22nd, 2022

Nifty may look for 17200+ | Market preparing for the coming period

Jupiter with Moon is leading the day, well supported by Saturn, Mars and Sun. Lord of share market has come out of Planetary war with the lord of sea related, gains related houses, yesterday, this planetary war has affected the market. Venus is coming close to Saturn, lord of share market will be moving in the debilitated sign (neech rashi) but may try to support own house of share market after 24-03-2022, and try to protect with SAAM, DAAM, DAND and BHED neeti. Probably impact of other planets may play role during the period (like closest distance of Saturn and Mars), lord will give all the energy to help the house.

Indications are better, but geo-political situations, Russia and Ukraine conflict, rising crude oil process and inflation are negatives on the market. I agree that CORONA cases in foreign lands may give another JHATKA to the market, but Jupiter will be moving to Pisces sign, so improvements will be better. Month of April will be important for movements of the three major planets (Saturn, Rahu/Ketu, and Jupiter). So, some ups and downs are also possible, but for the year, Jupiter will be protecting house of share market also. Currency is also losing its base.

I feel that market is preparing base for the coming period. Utilize this period. Ups and downs are possible. Even then, I will prefer to pick the good equities in banks, IT, communication, power, renewable energy, infrastructure, automobile with new energies/fuel etc., alcohol, sugar, ethanol, and related Organic products linked for the use of energy.

Nifty may try to look for 17200 or so. Remember, market is preparing for the period after middle of April 2022.

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.