Nifty Prediction : Possibility of some Pressure | Ups and downs possible during the day

Daily Forecast – Share Market – February 20th, 2017

Possibility of some Pressure | Ups and downs possible during the day

Mercury, Mars, Rahu and Ketu are leading the day with Saturn. It will be interesting to see the behaviour of defence related equities and impact of strong malefic planets.

Engineering, electrical and electronics, paper and textiles with cotton, readymade garments and silk will be doing better. Movements and ups and downs during this period of short week.

I feel that Nifty may show upper side movements, even though Mercury has come in the shadow of Sun. This may affect volume of the trade or Banks in coming days. Nifty will look for the range of 8925 and 8725. But I will like to play safe for the next week point of view. During this period (for long term) Rahu and Ketu are playing very important role, so any time sudden dip is possible.

Spirit, alcohol, braveries, chemicals and related segments may be doing better.

It will be better to trade with care. Overall period for market during the week will be normal.

Indian Currency

Indian Rupee may trade in between 66.60 to 67.40 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

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