Daily Forecast – Share Market – March 15th, 2023

Nifty range 16900 – 17300 | Trade with stop-loss | Sell on rise possible

Ketu, Rahu with Jupiter are leading the day, well supported by Mercury (close to total combustion) and Mars. Global cues may be bit better, but it will be better to keep a check on Geo-political situation, especially US-Russia issues. Local issues may also be important. Market may show some positive moves, remember tomorrow will be weekly expiry. At any time in coming days sell on rise will not be surprising.

Ketu and Jupiter may give some swing. That means chances of going up possible, remember when a swing will go up, has to come back swing also. So, these planets with Rahu may create some confusion in the market.

FIIs may surprise the market also. So, keep a watch on this sudden surprise from FIIs, which will decide the next trend of the market.

Crude is also below 80 USD, it is a different thing that in India we (consumers are not benefitted with such dip), but may affect the market also. Currency is floating above 82 INR against USD. Week currency.

Nifty may swing in between 16900-17300 in this period.

Keep a watch on banks and financial institutions, alcohol, non-traditional, renewable, sugar by-products, bio-tech based, bacterial products, automobile, cement, cotton, petroleum, insurance, research/analysis related segments, defence, export-import, leather and many more may remain active.

Stop-loss will be key for the day. Nifty may remain in the range of 16900-17300 in the period. Keep a watch.

Indian Currency

Indian Rupee may trade in between 81.70 to 82.60 per USD.

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