Daily Forecast – Share Market – March 13th, 2024

Stoploss at 22200 | Nifty may look for 22450 | Wait for longs

Rahu leads the day, well supported by Moon, Mars, Jupiter, Saturn, Mercury, Venus and Ketu. Global cues may show some pressure, but for our market Rahu is playing important role, which may give suddenness and unexpected movements during the day.

Again buy on dips will be better for the current period. Reason is lord of share market has come out of shadow of Sun.

FIIs are not reliable for a while, that means pressure from FIIs not surprising. Stoploss or profit bookings around 21975 or so. As and when required. Wait and watch. Watch Banks like SBI.

Nifty may remain within the range of 21975 to 22450. Rahu with Ketu is deceptive (remember). This strategy may be suitable till weekend.

Crude may maintain its levels around 80-83 USD.

Keep a watch on block deals, so that accordingly one can act. It will be better to be watchful for chemicals and related segments. Watch IT, communication, aviation (company wise – results based), defence, space and many more like sugar and related segments including alcohol and many more may remain active.

Nifty for the weekend will be 21975 to 22500. Stoploss at 21975 will be better.

Indian Currency

Indian Rupee may trade in between 82.60 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.