Daily Forecast – Share Market – March 12th, 2025
Nifty may look for 22575 | Watch on Upper levels | Watch news
Watch banks with care – because of Practices – Lord of banks and Share market weak
Jupiter, with Saturn, leads the day, well supported by Sun, Moon and Ketu. Importantly one of the leading planets is under total combustion. Hence impact will be seen during the decision of traders, some confusion or laziness or low volumes are also affecting the market. Lord of the share market is slowing down its speed, because from Friday, it will start transiting retrograde. Hence indications for uncertainty.
Steel and Aluminum and related products will face tariff impact, which will be applicable from today. Crude oil is again maintaining within the range of 66-71 USD. This uncertain situation may continue for a while. This is not only because of USA, but our own reasons are negative. Our economy is importantly based on IT, Banks, Pharmaceuticals, steel and other products. Textiles and its products are no more in that category, that means impact of economy war, we may be badly injured, because of our nature of work.
Even then we may see some recovery from lower levels and sell on upper levels. I must say that dip is possible before 14-03-2025 (means tomorrow). Still watch banks with care and look for opportunities. Keep a watch on news including other large banks. I had mentioned earlier that banks may face issues, and Indusind Bank has justified my observations, still watch other banks.
Watch communication sector, based on news.
Nifty may remain within range of 22275 to 22600.
Movements in certain segments can be seen during the day. Trade with wise approach. Changes can be seen during the day time also.
Indian Currency
Indian Rupee may trade in between 87.00 to 87.60 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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