Nifty Prediction : Mixed day Possible | Casual traders – book Profit if required

Daily Forecast – Share Market – February 20th, 2020

Mixed day Possible | Casual traders – book Profit if required

Rahu with Sun and Ketu is leading the day and well supported by retrograde Mercury and Venus. This Venus is forming decent relationship with Moon, which will change its house and sign but after working hours. Mars and Jupiter are giving thrust for the areas related to the sea – like crude etc. similarly areas of insurance related to farming or health etc.

Long weekend ahead. Tomorrow is holiday for the market, trade accordingly.

Banks and related segments may be showing some consolidation, but it will be better to be watchful with the working of banks (certain) etc. Rahu Ketu axis can give any sudden or (well expected) surprise to the market.

Crude and currency may give pressure, at the same time mixed day can be for the market. Keep a watch on foreign cues along with news from government and companies etc. Watch for Dairy and Paper along with Pharmaceuticals etc.

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.

Aggressive traders can wait at the same position and look for the decisive move for going long. Casul traders can book profit on upper levels.

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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