Nifty Prediction : Nifty may look for 17300 | Stoploss at 17100 better
Daily Forecast – Share Market – March 25th, 2022
Nifty may look for 17300 | Stoploss at 17100 better
Jupiter with Mars is leading with support of Sun, Moon, Saturn and Ketu. Lord of share market has moved in the debilitated sign (neech rashi) and giving support to own house of share market. I believe despite of various odds, this planet may try to protect or support own house of share market by any means or better to say SAAM, Daam, Dand, Bhed neeti. So, it will be better to look forward or feel bit better.
I may prefer to trade with stop loss of 125 for Nifty on lower side and look for opportunities for next 150 points or so in Nifty. Banks are showing weakness time to time, but time has come to look forward slowly and gradually. Geo-political cues are not supportive for the market.
Saturn and Mars are inching closer, as if NATO forces are inching towards the boarders of Russia, trying to protect from the use of Chemical use in warheads. This will be not a comfortable period or can be tense period for the nearby areas (at least).
Inflation and unemployment is strong cause of concern for the economy and purchasing capacity or buying in the market.
Defence related segments or linked to defence are better. IT, communication, sugar and related segments including alcohol, glycol and ethanol, automobile, metals, textiles, leather, pharmacy, petroleum companies, gas, commodities and related segments are important for the day.
Overall period has started for UTHA-Patak. Lord of the share market may try to protect own house, whereas Saturn Mars and others planets will be playing their own game. So, disturbance (globally) is quite possible.
Trade with stop loss for 17100 for Nifty. Even then some buying is possible in the market at lower levels in good companies. Stock specific will be better.
Indian Rupee may trade in between 76.00 to 76.90 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market
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