Daily Forecast – Share Market – March 1st, 2024

Sudden changes | Nifty range 22150-21900

Rahu with Moon leads the day, well supported by Mercury, Venus and Jupiter. Indications are clear that due to local News related to GDP may help to our market. Lord of share market has moved away from total combustion status, but still combust but moving away from Sun. I hope that market may show sudden movements for Nifty. Recovery from lower levels may be seen.

Time before election may show movements. Initial thrust may show movements with strength 22100 or so may be seen during the day. But Nifty may try for previous levels around 22300 in coming days.

Nifty is planning for sudden movements in coming period. Crude oil is within range of 82-85 USD.

Banks are still bit suspicious, but IT, communication, leaf-based, coffee, automobile (watch for movements), automobile tyres, EV, Non-traditional segments, Pharmacy (mix), leather, textiles, health care, e-commerce, space related, engineering, electrical and electronics, metals, and alcohol, spirit, and related segments may be showing movements.

Nifty may look for 22150 or so. Sudden movements may surprise. Stop-loss at 21900 better.

Indian Currency

Indian Rupee may trade in between 82.60 to 83.20 per USD.

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