Nifty Prediction : Breach of 12000 Not surprising | Conservative Approach better

Daily Forecast – Share Market – February 17th, 2020

Breach of 12000 Not surprising | Conservative Approach better

Rahu, Ketu and Mercury are leading the day with support of Sun, Mars and Venus. Lord of share market has started trading retrograde, on date is very slow, so market may show reactions accordingly. That means, slow movements, reversal of movements during the period of 20 days and may return back or close to the 12113 levels of Nifty in next 20 days (I don’t mean to say for closing purpose – but can be).

Judiciary may be one reason to give impact on the market or other issues in coming years.

Rahu Ketu combination with weak Mercury can give some volatility – may be in not large range but can show volatility or levels may be in the low range. It will be better for aggressive traders to wait and watch at the time of opening of market.

As the lord of banks indicates, “It will be better to be watchful in bank Nifty or Banks. (News based reason may also not be supportive for banks – Vodafone and Airtel news)”.

Foreign cues may also be important during the day.

Sugar, agriculture produces, automobile (may have some pressure), alcohol, wine, spirit, cotton, entertainment instruments, communication instruments, pesticides, pathology labs or virus linked analysis organization and many more segments may remain in action.

Long term traders better to watch for the trend or look for opportunities.

Indian Currency

Indian Rupee may trade in between 71.00 to 72.00 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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