Daily Forecast – Share Market – March 6th, 2023

Nifty may trade within range of 17500-17700 | Profit bookings possible

Wishing you all a very Happy Holi (in advance)

Ketu, Rahu, Mercury with Mars, and well supported by Jupiter. Tomorrow will be Holiday in the share market. Respect the global cues, but also remember tomorrow will be non-working, even then market may try for 17700 in coming period. Possibility of profit booking on upper levels possible. Reason is tomorrow’s holiday and astrologically, keep a watch on banks and bank nifty.

Market may open with little bit of slow move, one may say cautious moves. If open with Gap-up, watch the trade and then move in with care, because tomorrow will be a holiday.

Areas like defence related sectors including shipping, aviation, space related communication like radar manufacturer, non-traditional segments, alcohol, communication instruments, cotton threads and spinning, chemicals, biotech or bacterial or pesticides related segments, agriculture, insurance, petroleum, and pathologically laboratories etc. may be in the movements and many more with banks and financial instruments – Keep a watch.

Nifty may trade within range of 17500-17700. Keep a watch on banks.

Indian Currency

Indian Rupee may trade in between 81.20 to 82.00 per USD.

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