Daily Forecast – Share Market – March 20th, 2023

Nifty may show Volatility | Trade wisely with stop-loss

Confusion in the market Possible for either -800 or +800 Points movements in Nifty

Rahu, Ketu with Saturn are leading the day, well supported by Mars and Mercury. It is important that lord of share market and banks is trying to come out of total combustion states. Remember, lord of horoscope is defeated in planetary war with Rahu. Indications are that this may affect the leader of the nation or national issues may not be so good to inspire the market.

Global cues may be bit supportive for the news of Credit Suisse because USB bank will be investing (2.3 billion $) and taking control of this Credit Suisse, which may give sign of relief from this front. Despite of all these support, situation in US banks and European market is not good.

Importantly, just to support this global banking system, US, China and other central banks are pumping money in their banks (to avert the collapse of banking system). In Europe – pressure may be seen, or panic may be seen in banking system.

Rahu and Ketu are again indicating sign of Volatility. Now, this market is in the state of confusion – Because in either side market may show movement of either heavy dip or heavy rise (confusion of -800 points or +800 points from this level of Nifty). Current period – Nifty may trade within the range of 16825 to 17375. These levels may play important point of concern. Fasten your belts for either slip or rise in the market. This period is really confusing because of heavy pressure of Rahu (for bit long time). Ketu is trying to give some wave on upper side, but Rahu will try to pull down the market. Rahu is much stronger than Ketu.

Currency will be playing another important role. Crude is indicating slump or pressure in the market. Crude oil may remain below 75 $.

Trade with strict stop loss or with big courage.  INR is still in the range of 82-83 against USD.

Indian Currency

Indian Rupee may trade in between 82.10 to 82.80 per USD.

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