Daily Forecast – Share Market – March 22nd, 2023

Opening may remain better | Trade with care | 16900-17250 Nifty range

New Samvat 2080. Wishing you all happy New Samvat 2080 year. Wishing you all happy Gudi Parva and Chaitra Navratri.

Saturn, Rahu with Ketu are leading the day, well supported by Mercury and Mars. Remember chaturgrahi yog is formed in the house of gains and involving the lord and house of share market. We may see some buying from the lower levels and Nifty may try to look for 17200.

Market will be suspicious due to banking crises and also expect the FED news from US in tonight announcement (IST). I believe, behaviour of market is not comfortable. Rahu is indicating that market is trying to give an opportunity to sell out stocks and then wait. Probably giants are playing the game (!?). Rahu gives doubts.

Mainly malefic planets are controlling the market.

Today we may see some rise in the market. But fasten your seat belt with support of stop-loss.

Nifty may trade within the range of 17250-16900-16850. Although I wish God may shower blessings on traders to earn money. But this is also fact – someone may lose money then other will earn.

Keep a watch on Banks and Financial institutions. Technical data may say that market is holding the levels. How long DIIs will give support the market. Watch FIIs.

Movements in banks, chemicals, alcohol, defence related segments including shipping, sea related, automobile, insurance, research related, pharmaceuticals, textiles, leather, power, oil companies, watch housing, and many more. Watch with care – IT, entertainment, and related segments.

Logistics and automobile tyres may remain interesting.

Nifty may show buy on dips. Stop-loss important. Crude may touch 75 USD. Currency market may remain close in India.

Nifty may trade within the range of 16900-171250.

Indian Currency

Indian Rupee may trade in between 82.00 to 82.90 per USD.

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