Daily Forecast – Share Market – March 6th, 2025
Avoid long trades | Big Astronomy event ahead | Nifty range bound
Jupiter, Saturn with Moon will be leading the day, well supported by Sun. Importantly, today Purvabhadrapad Nakshtra will be playing key role during the day. Dual approach can be seen during the day. Sudden sharp edge like sword can be seen in coming time. So, it will be better to take the necessary guards before going for any trade.
Possibility of carrying from previous close market may try to move ahead. But it will be better for the time being. Trade with a cautious approach. Reasons are internal economic situation, weakness in demand, practical inflation, geo-commercial situation, uncertain behavior of US, which had affected USD, crude oil prices may further crises.
China has also found two large fields for black gold (oil field), which may give further advantage to China in coming years. Watch metals especially Yellow metal (gold) and white metal (especially silver). Which means, avoid entering at the current levels. Possibly we may see profit bookings on upper levels.
Astronomical situations from next week may give their impacts from or after 14-03-2025.
Keep a watch banks, as mentioned earlier that government agencies/RBI may announce some policy or changes. RBI has announced about the injecting liquidity in the market. But will this be stable, because weak per capita income cannot increase demand in the market.
Wait for long trades. Nifty may remain within the range of 22000 to 22450. Crude may remain around 68-71 USD.
Indian Currency
Indian Rupee may trade in between 87.00 to 87.60 per USD.
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