Daily Forecast – Share Market – March 7th, 2024

Nifty may show momentum of Previous closing | Range 22375-22600

Jupiter with Mars leads the day, well supported by Sun, Moon, Rahu, Mercury and Venus. Lord of share market has moved in the Neech ki rashi and blessing own house of share market, lord of lagna of India’s horoscope will move with Sun, Saturn and support house of parliament. We are heading towards election period in India.

As mentioned, yesterday’s indication for 22400 of Nifty, has moved above in the second half of the day. I believe that market may maintain momentum of previous closing hours. That means Nifty may show 22600 or so.

Foreign cues are decent at least from US. Remember, today is last working day for the week, we are going for long weekend. Tomorrow’s market will remain close because of Maha ShivRatri. This means volatility also possible despite of decent mood and support to the share market by its lord from Neech rashi.

Movements in many segments may be seen, because entire horoscope is active. Time to time volatility possible, market is looking for indications for stability, even then may try to test 22375 and look for 22575.

Action in automobile, power, watch certain automobile, banks, financial institutions, IT, space, defence, gas (watch with care because of news), aviation defence related (manufacturing), non-traditional segments and many more segments may be doing better or showing action. Activities may be after half an hours of start of the market.

Nifty may remain within range of 22375 to 22600 (or so). Weekly expiry and last working day of week before long weekend. Impacts will be accordingly. Gas and Petroleum will be affected during the election time (we are heading).

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.