Daily Forecast – Share Market – March 27th, 2024

Nifty may test 22000 and look for 22150 | Volatility/Wave not surprising

Levels can be breached because of strong Rahu

Rahu leads the day, well supported by Moon, Mars, Jupiter, Mercury, Saturn, Venus and Ketu. Importantly, entire horoscope is active. We can say that wave because of Rahu may be seen. I believe that levels may see upper side during the day. Impacts of foreign cues (as it was mentioned in my previous day’s report that impact of Lunar eclipse) may be seen in coming period. From 01-04-2024, lord of share market and banks will start transiting retrograde (ulti chaal), which may give reversal movements of the trend before last trading session.

Weekly and monthly expiry is before extended weekend from Friday. Tomorrow will be last working day for the week.

Movements in all the segments may be seen during the day. I still believe that market may show better movements and may hold the levels around 22050. INR is losing its strength against USD. Crude oil may maintain levels around 85-87 USD.

All the segments may remain active. Watch banks and financial institutions, because they may play important roles during the day and coming period.

Nifty may look for 22150 but stoploss at 22000 will be better, or may test this level.

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.