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Let’s look at important things here –
Jupiter - It is the most benefic planet and it represents all the auspicious things like Knowledge, Wisdom, Law, Guru, Spirituality, Religion, Philosophy, Literature, Elderly People and Children etc. For a girl, Jupiter also represents Husband.
Magha - Magha is nakshatra of Kings, Authority and Authoritative Positions. It is also nakshatra of celebrities. For more information on Magha, please check this - https://www.astrosaxena.com/maghnaksh .
Leo - As Magha is a part of Leo, Leo sign and its representations become important. Leo is 5th sign of zodiac belt, hence it represents the things associated with 5th house of horoscope like Love, Creativity, Arts, Being on Stage etc. Besides that, Leo is basically the Lion. This is the sign of feeling like King or Queen. Also, it is a sign of independence, Confidence, Ego, Self Esteem etc. Leo is consisted of 2 and half Nakshatra namely Magha, Purva-Phalguni and Uttara-Phalguni. Leo's lord is Sun..
Sun - As Sun rules Leo, Sun's position and dignity is important to know about the overall functioning of any planet in Magha/Leo.
Ketu - As Magha is ruled by Ketu, Ketu's position and dignity will also have an important role in functioning and results of any planet in Magha.
Houses Involved – Also, we can’t afford to forget the houses involved as a planet can be ruling different houses and sitting in different house for every person as per ascendant and planet’s position. To know overall affect, we have to consider the houses involved as those areas of life are being impacted.
Interpretation of Jupiter in Magha Nakshatra – Jupiter is in friendly sign here ruled by Sun. It is in nakshatra of Ketu. As Magha and Leo represent almost similar things, we can say that Jupiter is in good dignity here. As Magha/Leo both represent high authority and celebrity status and as Jupiter expands things, it shows that they can have extreme desire to gain authoritative position. They can love the idea of gaining fame and being known as a celebrity. At the same time, as Magha/Leo both also represent Ego, they can be high on their ego. Ego satisfaction can be the drive behind whatever they do in life. It is very important for them to reach that authoritative position or achieve that celebrity status to feel good within themselves. Again, the focus needs to be sharing authority and power with others rather than holding on power for ego satisfaction. As Jupiter represents knowledge, their knowledge or counselling/guidance to others can help them in gaining that authoritative position.
In relationship matters, the same heightened ego and desire of ego satisfaction can lead to ego conflicts and possible break in relation. Again, either you can keep your ego or you can keep your relationship. They need to learn to let go of their ego to sustain their relationship.
Role of Sun – Sun's placement is important to guide Jupiter in right direction, being Leo's lord.
Role of Ketu - Likewise, Ketu's placement is important to guide Jupiter in right direction, being Magha's lord.
Other Factors – And of course, we need to consider conjunction, aspects, house lordship, house position and dashas etc to know the exact results of Jupiter in Magha. So, we always need to take a holistic view of chart rather than just 1 planetary position.
Conclusion – So, this is how I see Jupiter in Magha Nakshatra can work in a chart.