Daily Forecast – Share Market – February 14th, 2019

Volatility Possible with spike on either side | Nifty Range of 12050 to 12250

Rahu with Ketu leads the day well supported by Saturn, Venus, Sun and Rahu. Global cues may remain important for the day. Combination of Rahu and Ketu strongly, may give volatility or sudden movements (unexpected in the coming period), market may see some pressure at any time, even at the time of opening may be not much positive.

Crude was supporting, steps taken by government is not justifying improving consumption and then production story. Government is relying only on those persons – who are paying tax (Income), which is very small part of earning people. If they will withdraw their deduction benefits only then buying capacity will increase, but what is the percentage. This is just at theory or in practical return of the estimation will come.

I wish my assumption goes wrong. So, that business of nation will improve and again employment will improve.

Planetary position is bit deceptive. Banks may further give some news related to Frauds or NPAs in coming period, Rahu and Ketu are indicating like this. It will be better to keep a close watch on PSUs or other banks.

Movements can be seen in Pathology labs, analytical and pesticides, wine, alcohol, sugar, textiles, leather, paper with movements in Paints, automobile, certain IT companies, entertainment, infrastructure, finance and insurance related segments may be showing some movements.

Still, I would like to say that Market may be in the range of 12050 of Nifty to 12250

Spike on either side will not be surprising.

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.