Nifty Prediction : Traders –opportunity at lower levels | Global cues Imp.

Daily Forecast – Share Market – February 12th, 2020

Traders –opportunity at lower levels | Global cues Imp.

Venus, Rahu and Sun are controlling the day with support of Moon, Mars, Ketu and Saturn. Moon is forming decent relationship with Venus and with Jupiter/Mars. But combination with Venus is better. Combination of Jupiter and Mars indicates obsession in positive side or negative side (due to Ketu and Rahu axis).

Impact of Corona Virus can be seen directly or on different segments. Either short of supply or short of demand (both). Which may give impact on Crude/EVs/Communication instruments etc.

Overall market is little bit better. Crude is under control, better for the Indian market. Keep a watch on global cues. Rahu and Ketu both are active, so index may show movements from lower levels to upper levels. Market may look for opportunity to settle down and form a base.

If index falls within 100 points of Nifty, it may give further rise in coming period so, may give opportunity at lower levels from 12050 Nifty point or around this level.

Certain banks may show some pressure.

Movements in Textiles, leather, paper, chemicals, automobile, automobile tyres (may show some betterment in coming period), agriculture related segments, Exchange related equity, IT, communication and Hotel, tourism, travels etc. with logistics, alcohol, Jute, entertainment instruments, Petroleum and gas may be showing movements along with many more segments like pesticides, Pathology labs etc.

Keep a watch on global cues.

Indian Currency

Indian Rupee may trade in between 70.40 to 71.40 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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