Nifty Prediction : Nifty may show sudden changes | Possibility of some movements

Daily Forecast – Share Market – March 8th, 2023

Wishing you All Happy and colourful Holi

Nifty may show sudden changes | Possibility of some movements

Mercury, Rahu with Mars are leading the day, well supported by Sun, Ketu and Jupiter. Indications are that market may be affected due to half-hearted trade by local market, and global cues impact may be high. Although, entire horoscope is active (directly or indirectly). Many parts of the nation will be celebrating Holi festivals. Global news may disturb the sentiments of the market. Inflation controlling steps in US market is suddenly seen. Higher percentage of repo rates announcement. Reversal of inflation on upper side is seen.

US budget may show some surprises, because of their financial position. Current period for global market is critical, which may reflect in the market trades.

Planetary position is positive, but global cues may further affect the market. Due to one companies strength market may show some recovery. Nifty may be able to retain 17700. But be prepared to book profit as and when required. Because Rahu is very strong, and indicating again that possibly impact of foreign cues will be giving impact during the day.

Keep a watch on Banks, defence and Adani’s shares, which may again affect the market in better way (for the day), defence, logistics, aviation, batteries, power, chemicals, and many more may show movements during the day.

Nifty may trade within 17800-17700.

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.

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