Daily Forecast – Share Market – March 4th, 2024

Nifty may plan for 22500 with Turbulence in between | Stoploss @ 22200

Rahu, Moon with Mercury are leading the day, well supported by Mars, Jupiter and Venus. Planetary position again indicates some better movement and may try for further better levels. This does not mean to ignore stop-loss, because Rahu is playing its role. Which may give wave. Which means Ups and downs (possible).

A one day short for trading purpose. Market will be working till March 7th. Saturday will be close due to Mahashivratri.

Secondly, Sun and Saturn are in conjunction which indicates global disturbances during the period. Nifty may look for 22500 in coming period. I feel this may cross with a wave, but suddenness on either side/flat trend – all the trends are possible. Nifty stoploss for 22200 will be better. If require, cover your profits.

Crude oil may maintain around 80-85 USD. Lithium production may play key role in coming period, because of lithium batteries for EVs.

Banks, IT, Financial institutions, space, communication, entertainment, logistics, petroleum marketing companies, alcohol, non-traditional segments, defence, defence related aviation, FMCG, fashion, insurance – watch and trade, chemicals, solvents, acids etc. may be showing movements.

Turbulence also expected. Nifty may look for 22500 in coming period. Stop-loss at 22200 of Nifty.

Indian Currency

Indian Rupee may trade in between 82.50 to 83.10 per USD.

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