Daily Forecast – Share Market – March 11th, 2024

Nifty may plan for 22700 in coming days | Buy on dips (banks)

Mars with Saturn is leading the day, well supported by Moon, Rahu, Jupiter, Mercury and Venus. All planets are in four houses only, and Ketu is placed in another house. Nifty may try to show some pull backs, but it will be better to wait for Banks and its movements.

Nifty may show positive opening. Remember, banks are not supporting as they were in market’s movements, the moment banks will be supporting – market may show further strong movements. Our market is not properly supported by IT – basic bread and utter for the revenue, even then movement of market is positive. So, its time to enjoy with some hiccups which are part of the market.

Crude may face some pressure on upper levels – even then may remain within he range of 80-83 USD. INR may also below 82.90 against USD.

All the segments may remain active. Even then sudden changes are also possible. Global cues may be playing key role during the day.

It will be better to look for opportunities at lower levels. Nifty may plan for upper levels after some more wave, nifty may further show 2% movements. Elections may give positive impact on the market.

All the segments may remain active. Watch space, IT midcaps, AI related segments, power, electrical and electronics, communication, automobile, non-traditional segments including solar, wind energy, defence related aviation manufacturing, defence related segments, chemicals, alcohol, petroleum marketing companies and many more may be showing movements with automobile tyres also.

Nifty may look for 22550 or so. Ups and downs, waves like movements may show sudden changes in the levels even on upper side. Trade with strict stop-loss of 22200 (Nifty).

Indian Currency

Indian Rupee may trade in between 82.50 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.