Daily Forecast – Share Market – March 14th, 2023

Nifty range – 16950 to 17300 |Sentiments weak | Trade with care

Mars, Mercury, Jupiter with Ketu are leading the day, well supported by Rahu. Importantly lord of share market and banks is in the state of combustion. Impact of foreign cues and banks are affecting the market. Crude is also under (little bit) pressure. Edible in India are hitting common man/family. Hurting their purchasing capacity.

Sentiments are not good. Banks and FIIs may be playing important role; I agree that such areas are under pressure. In coming days if Nifty will test 17000, then will not be surprising. Reason is total combustion position of lord of share market and banks will be on the day of weekly expiry.

Inflation is on the upper side. Retail traders must prefer to play safe. If can avoid the trade – must avoid. Nifty may trade within the range of 17300 to 16950.

Watch IT, defence, alcohol, by-products of sugar, sugar, cotton, communication instruments, bio-chemical or bio-labs, electrical and electronics with oil marketing companies and many more will be better.

Nifty may trade withing the range of 16950 to 17300.

Indian Currency

Indian Rupee may trade in between 81.90 to 82.70 per USD.

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