Daily Forecast – Share Market – March 19th, 2024

Selling at upper – buying on dips possible | Watch global news also

Nifty may remain in range 21925 to 22125

Rahu with Mercury leads the day, well supported by Moon, Mars, Jupiter, Saturn and Venus. Volatility will not be surprising. Lord of share market is still supporting to hold the levels, because in its Neech rashi. That means is trying to support the levels or protect the levels with SAAM, DAAM, DAND, BHED way. That’s why market is slipping to 21900 or around this level, but again recovering back to above 22000.

Only point of concern will be Planetary war between Rahu and Mercury, that means Mercury is at closest degree to Nodal point (north), so chances of volatility may be more. Because Rahu is on winner levels.

Pressure on 22000 Nifty levels will not be surprising but recovery also possible around (-) 100 points (around) of previous close that means around 21950 or so of Nifty. So, buy on dips will be better.

Election mode for nation is on, and there is no confusion regarding the results of the election. That’s why market is ignoring global cues.

Pressure on upper levels and buying chances or recovery from lower expected. That means for small opportunities look for better rates at lower levels and sell on upper as and when required.

Point of concern for our nation will be crude oil pricing in coming period. Oil may look for 85-90 USD levels. INR may maintain below 83 against USD.

Movements in IT (due to news and internal movements), aviation, rubber, engineering, sugar, communication, entertainment, power, non-traditional way of trading and non-traditional segments, alcohol, spirit, watch petroleum marketing companies, watch Iron and steel, minerals, travelling, logistics, solar services and also watch wind energy, hotel and related industry, with many more segments may show their movements (entire horoscope is active indirectly).

Nifty may remain in 21925 to 22100. Buying on dips and sell on upper levels possible.

Indian Currency

Indian Rupee may trade in between 82.60 to 83.20 per USD.

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