Daily Forecast – Share Market – March 5th, 2026

Nifty may look for 24600 or so | Geo-political cues troublesome – Watch

Jupiter with Rahu leads the day, well supported by Moon, Saturn and Venus. Importantly, lord of share market and banks/financial institutions is in the state of total combustion, within one Navmamsha (distance) with Sun. That means chances of support from the lord of banks and financial institutions will be not good.

Even then we may see buying from lower levels, or recovery from lower levels. But it will be better to guard your stocks and finds properly.

Not a comfortable time for share market and as well banks with financial institutions. I agree that after a yesterday’s fall in the market, possibly we may see some recovery in the levels of Nifty. It will be better to watch on the upper levels of the indexes. Specially Nifty and Bank index. IT and related segments are not in a position to support the market. For Indian market, IT, Pharmaceuticals and Banks are key segments. Since, IT is under pressure and no decent hopes, so FIIs may not return in a proper way.

Impact of Lunar eclipse may give some rise to the market. But foreign cues are under pressure, so keep a watch on foreign cues, news and investments. I am not much hopeful.

Crude oil and Natural gas have morphed Asian market into pressure/panic, because these markets heavily rely on Oil and natural gas. Rise in the prices of Crude oil and gas may further hurt the sentiments of economy of Asian (mainly) nations.

Japan has huge pileup of stocks of oil and gas, China is also holding stocks of around one year, so they are not under pressure. But the nations, which have stocks of one month, 60 days or likewise situation, they are under pressure.

IT is still under trouble, pharmaceuticals and engineering with textiles – avoid long trades in these segments.

Nifty may try to look for 24600 or so.

Reason for weakness – falling INR, increasing prices of crude oil and natural gas, trouble in flights – so aviation, shipping and many more. I agree that defence may show some good moves, season for electrical (Acs and related segments) items has started bit early, so we may see some movements in this segment (Rahu may support this area).

Indian Currency

Indian Rupee may trade in between 91.60 to 92.40 per USD.

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