Share Market Prediction for the week 02.03.2010 to 05.03.2010

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On Tuesday, 02.03.2010 market will remain positive, but the

main action will be on midcap and small caps stocks. Hence main index Nifty and

sensex will not show much movement. Some movement will be noticed in the

opening hours of trade and also closing hours. The action will be on sugar

stocks, ancillary industry, airlines, shipping, cement, IT & software, electronics,

power, chemicals, fertilizers, hotel, fire equipments.

 

On Wednesday 03.03.2010 the same trend of small cap

& midcap will be continued.

 

On Thursday, 04.03.2010, the market will be a rumors and

news driven market. Positive news will increase the price and negative news

will decrease the stock valuation. This will have a negative effect on the main

indices stocks. But the other indices small cap & mid cap will continue its

momentum. Some profit booking is possible.

 

On Friday, 05.03.2010, market will also be good and

positive.

 

Here one question does arises, the positive budget has given

a small boost to the share market, but the question does arises will the

positive trend in the market be maintained. On 02.03.2010, Venus, karak for

share market is getting exalted but mercury which is the karak for intelligence

and also supports the share market is getting depilated.

 

Saturn is still retrograde, but mars is getting in direct

motion on the 11th, hence market will be a mixed market. The positive

trend will lack the strength and luster to rise hence, and there will be

commotion on the political arena. Certain recommendations given by the Finance

Minister in the current Union Budget are related to products Governed by Saturn

and with Saturn also weak in transit, this will give weakness in the stocks.

 

An agitation by select political parties will be maintained

in the Parliament making it difficult for the Government to keep the budget

proposals intact. The ruling Government will give in to the agitation and will

roll back some of the recommendations. This is likely to happen after Mid April

2010.

 

Hence weakness will be noticed in Oil & Petrol Stocks,

Metals, Auto industry, Cement, infra Structure. Many of the stocks in the above

sectors are heavy weights on the main indices, hence will show correction, thus

maintaining the down trend of the share market.

 

On technical view, Nifty closed on the budget day at 4922

level. 4930 is a resistance zone, hence it will be difficult for Nifty to break

this resistance. During intraday Nifty will show some strength & on odd

select good days but due to strong resistance will enable the Nifty to close

below the resistance level. The immediate support for Nifty is at 4860, the

next supports are placed at 4760 and 4675 & 4600.

 

Once 4600 level is broken the next support zone comes at 4538,

4350 & then at 4200. The main indices market is likely to break the above

supports.

 

On 11th March 2010 when Mars get into direct

motion or margi, even though being depilated, stocks related to mars, IT &

software, electronics, power, chemicals, fertilizers, hotel, fire equipments

will show a positive trend. These sector stocks have already bottomed out and

any investments in these sectors will give good gains to the investors.

 

Even though market in general will remain depressed, one can

still make a good earning by remaining invested in the sectors stated above.

 

 

 

 

HARESH(HARRY)NATHANI

VEDIC ASTROLOGER CELL

+91 9867214103

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