Daily Forecast – Share Market – March 31st, 2023

Gap-up possible | Wait n move | Sell on dip – trimming on upper

Rahu, Mercury with Saturn will be leading the day, well supported by Venus and Ketu. From tomorrow, new financial year will be starting – this financial year is linked with the election year, so after three or six months we may get some announcements according to the elections, which may be affecting middle class segments. Populist decisions may further be seen by government(s). Similarly, is also avoiding to go with harsh decisions. Now, point is populist within limits are good (within limits).

Remember, Jupiter will be combust from tonight. FED report from US will be declared tonight.

Crude is around 80 USD. This is due to disruption of supplies from Iran. China is indicating betterment or support to the market. Alibaba is giving boost to the market. Their anterdasha is indicating better performance and their karmas towards manufacturing and professional purpose.

Recovery is possible on the day. But trade with care because we are in sandwich working day. Banks are supporting. Which is giving advantage to the market. Nifty may look for 17200 or so. Still, I must say that trade with strict stop-loss. Profit bookings on upper levels or trimming on upper levels possible. Buy on dips will continue for a while.

Banks and financial institutions, energy, defence, chemicals, watch announcement from government – which may give impact on export related segments, Leather, textiles, aviation, space, gold, and shipping + sea related segments.

Nifty may look for 17250 or so. Trade with strict stop-loss. Buy on dops and trimming on rise possible.

Indian Currency

Indian Rupee may trade in between 82.00 to 83.80 per USD.

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