Daily Forecast – Share Market – February 19th, 2020

Range for Nifty – 12100 to 11950 | Wait to settle down Opening

Rahu, Ketu and Venus are main planets for the day with the support of Sun, Mars and retrograde Mercury. Importantly Sun is giving strength to own house. Jupiter and Mars are indicating forceful strength. Rahu Ketu combination is indicating hidden reasons for the rise in crude oil prices for a while. Foreign cues may be playing role during the day. Corona virus may give price rise in certain areas. Because, production in China is affected.

Possibility of buying from lower levels. Since, lord of the share market is trying to pickup speed or we can say that lord is slow, so range bound trade can be seen. Range may be within 12100 to 11950. Traders can trade wisely.

I agree that Taiwan, Vietnam and few more countries may fulfill the gap, but automobile tyres and like wise products will be influencing their demand, which may give better movements for automobile tyres or related segments.

Crude with insurance may be bit better along with analytical institutes like Pathology labs or research-based segments.

If market open at Gap up, it will be better to wait for the settling down the market.

Companies like agriculture and linked automobile, communication instruments, banks, Pharmaceuticals, IT, entertainment, sugar, alcohol, spirit, banks, financial institution and many more may show movements.

Wait at opening and then move accordingly.

Trading week is short by one day. Long weekend. Tomorrow will be last working day for the week.

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.