Daily Forecast – Share Market – March 28th, 2023

Watch Banks | Sell on rise (better chances) | Levels 16800-17200

Rahu with Mercury leads the day, well supported by Mars, Saturn, Venus and Ketu. Global cues are bit supportive, but emotions of the traders – is not good enough to build the confidence to hold the equities. This is also possible that market may look for 17125 or so. But sudden dip is possible.

Tomorrow is monthly expiry. So, market may plan/behave accordingly. Crude oil is indicating positive side for its prices.

COVID and other calamities are ready to hit once again.

Global cues may be giving advantage but remember our strength and weakness for traders and investors. Tax structure from 01-04-2023. F&O may give some trouble to traders. Global cues are because of bail out package and steps in Silicon and other areas of US.

Europe is indicating higher inflation rate. Their inflation is above 7% of their normal inflation rates. Currently around 9% is inflation levels. Europe cues will be important for the next working day.

Banks and financial areas with energy may be giving support to the market. Crypto currency is again hitting the market. Bonds may be cause of concern for the market.

Other segments may also show some support to the market. Crude oil trouble may be for the short term, because Lord of the area may be moving in combustion from 31-03-2023.

Many segments may show some movements. Even then, better to plan for sell on rise (As and when required). Market is again indicating for range bound trade – 16800 to 17200 in the running period. Tomorrow, we may see another wave, which may remain tricky.

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.