Daily Forecast – Share Market – March 6th, 2024

Volatility again possible | Wait for trade | Range 22200 to 22450 (Nifty)

Jupiter, Moon with Venus are leading the day, well supported by Rahu, Mercury and Mars. Global cues including China’s financial situation is not supportive for economic situation. Yesterday’s market was like wave, as mentioned in my post. Lord of horoscope’s ascendant may give some support to the strength of horoscope. Even then geo-economic situation is still deceptive. It will depend on news from US in the evening after closure of market.

Wait for trade for trading and allow the market to settle down. Changes may be seen after 14:51 Hrs (IST). Banks and share market lord is preparing to move in its Neech rashi on tomorrow morning, which will be supporting own house of share market.

Gold’s movement is indicating funds from the global share market is moving in Gold. Watch this.

Nifty may remain within range of 22200 and 22450 or so.

Many segments are active on either side. Watch banks/financial institutions (better rates) avail advantage. Similarly, chances in IT and defence companies with space etc. may be decent for long term. Look for better prices. Evening automobile may remain active. Alcohol, communication instruments, cotton, non-traditional segments for long term.

Nifty may remain volatile, and range may again remain 22200 to 22450. Watch news related banks, government announcements before announcement of elections and geo-economic situation. Crude may remain within the range of 80-84 USD.

Indian Currency

Indian Rupee may trade in between 82.60 to 83.10 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

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