Daily Forecast – Share Market – March 24th, 2022

Crude/Inflation/ Geo-political IMP. | Sell on Up Buy on dip

Jupiter with Moon leads the day, well supported by Saturn, Mars, Sun and Mercury. Planetary Utha-Patak is close, tonight Mercury is changing its sign and house, moving to the Neech rashi, Mars will be inching close to the Saturn, which may add fuel (possibility) to the global tension. Crude is also rising. Jupiter is also heading for its own sign, indicating positive signs for crude, sea related segments, research etc. Impacting share market also.

INR is losing its base; inflation will be on the rise. Which may be cause of concern for the common man. I also agree that Jupiter may try to give some relief to the public, educational institutions, neighbouring areas.

Profit Bookings from upper levels as previous day, is possible. But keep a watch on the geo-political situation, neighbouring areas and news from neighbouring areas. Which may be useful for the day.

Inflation in the nation is high and may further increase. Employment related issues are still not under control. Middle aged persons have issues in the middle class. Planning of government may be for lower class or mass, but the persons who have paid income tax, possibly they are loser. The same thing happened in the era of 1991-1996/97. That means another one or two years to go. Unemployment phase is started from 2017 or end of 2016, when SMEs had suffered badly due to sudden changes in the policy or currency.

Now we can see movements in many segments including banks and financial institutions, fertilizer, sugar and related segments, insurance, chemicals, IT, travelling, pharmaceuticals, gas, petroleum, and many more.

Profit bookings possible on upper levels. Buying from lower levels will not be surprising.

Indian Currency

Indian Rupee may trade in between 76.10 to 76.80 per USD.

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