Daily Forecast – Share Market – February 28th, 2019

Nifty may not be much positive | Border and long week end | Take precaution

Jupiter, Venus, Sun are leading the day with support of Rahu, Ketu and Mercury. Mercury is slowing down speed for us, because is on the curve, and will start transiting retrograde from the 05-03-2019 night. It will be better to note down the closing values of Nifty on 05-03-2019.

Crude, currency and geo-political situation, border situations are not giving chance to set the direction in the market. Since, lord of the share market has slowed down its speed, means weakness in the pace of the market due to its lord, but other planets will be playing their roles. Combination of Rahu and Ketu can give suddenness in the market. It will be better to trade with guards, because next working day has gap of one extra day. Hence, precautions are essential.

Market may try to show recovery from lower levels, but I feel pressure is possible. Sudden change in the movements is possible. It will be better to buy equities at lower prices and sell on upper values.

Indexes – if you can move fast, only it is advised to trade in index. Otherwise sharp moves may give pain too.

Movements in banks, financial institutions, oil, IT, communication, entertainment, logistics, automobile, metals, cement, infrastructure, realty, Natural gas, etc. may show some movements with Liquor, spirit, chemical solvents, research-based segments etc.

Closing -trade with care.

Indian Currency

Indian Rupee may trade in between 70.60 to 71.60 per USD.

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