Daily Forecast – Share Market – March 21st, 2023

Buy on dips and sell on rise better | Nifty Range may remain 16825-17250

Saturn, Rahu with Ketu lead the day, well supported by Jupiter, Mars and Mercury. Global cues may remain better. Still, Crude is below 75 USD. Importantly, lord of share market and banks has come out of total combustion status, but lord of lagna of Horoscope is defeated in planetary war with Rahu. Situation may change after lunch hours.

Impact of Rahu is still heavy with Ketu. Planetary positions are not indicating for any peace (shortly). Rather disturbances are seen in coming period. From tomorrow, new Samvat 2080 is starting. Which may give changes in political combinations (partnerships) in India. We may have to face further inflation in food items. Period for natural calamities and man-made calamities possible (globally – including India). Health issues may also be cause of concern in coming period.

These issues may affect the market in coming period.

Buy on dips and sell on rise strategy will be better. Nifty may trade within the range of 16825 to 17250. Keep a watch on banks and financial institutions, because – lord of banks came out of total combustion areas.

Petroleum companies, including exploration companies may also enjoy some advantage in the market. Watch IT, logistics and entertainment with care.

INR is trying to maintain below 83 against USD. Market is deceptive. Trade with care.

Nifty may show volatility. Buy on dips and sell on rise will be better.

Indian Currency

Indian Rupee may trade in between 82.00 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.