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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