Mar 02, 2025: Monster Rally with Neecha Banga Raja Yoga by Mercury and Venus?

Market were buoyed towards the last few hours of Friday Feb 28, 2025 session caused by Mercury and Venus conjunction.

Economic Indicators

Index Performance Last Week

The major indices showed mixed performance over the past week:

• S&P 500 (SPX): The S&P 500 closed at 5954.50 on February 28, 2025, down from 6013.13 on February 21, 2025, marking a decrease of 58.63 points or -0.98%.
• Nasdaq: The Nasdaq Composite closed at 18,847.28 on February 28, 2025, down from 19,524.01 on February 21, 2025, showing a decline of 676.73 points or -3.47%.
• Dow Jones Industrial Average (DJIA): The Dow closed at 43,840.91 on February 28, 2025, up from 43,428.02 on February 21, 2025, indicating an increase of 412.89 points or +0.95%.
• Nifty: The Nifty closed at 22,124.70 on February 28, 2025, down from 22,795.90 on February 21, 2025, reflecting a decrease of 671.20 points or -2.94%.

Last week, several key economic indicators were released:

• Consumer Confidence: The University of Michigan Consumer Confidence survey showed a decline, with the index coming in at 64.7, down from the previous forecast of 67.8.
• Retail Sales: US retail sales numbers for January showed a sharp downturn, indicating consumer hesitancy.
• Job Market: The latest jobs report for February is due for release, with concerns about emerging weakness in the labor market. Initial jobless claims were higher than expected.
• Inflation: The PCE inflation result for January is expected to be around +0.30%, causing the annual core rate of inflation to reduce from the current 2.80%.
• Trade Balance: The US goods trade balance for January showed a deficit of $153.26 billion.

Astrological Calculation for the Week Starting from March 02, 2025

• Moon will be transiting in Ashwini Nakshatra in Mesha Rasi by Sunday Evening Futures market opens. Rahu and Venus conjunction will make the market to move up.
• Mercury gets debilitated in Meena Rasi while Venus gets exalted and went retrograde during this weekend. Mercury and Venus conjunction will create neecha banga raja yoga.
• While Rahu makes conjunction with Mercury & Venus, it will trigger monster rally. We may quickly regain and set a new ATH by this week.
• I expect the market to be bullish for this week except on Thursday.

Weekly Trading Forecast