Daily Forecast – Share Market – February 24th, 2020

Nifty may breach 11925 Levels | Trade with care

Rahu is holding strength with Ketu, whereas Sun, Mercury and Venus are supporting. Lord of banks and share market is heading for total combustion with retrograde position. That means – lord of the market will not be in decent position to give strength to the market for next 4 days. Strength of other planets will be playing important role for the market. Hence, due to strong Rahu, this day may face some pressure during the day.

It will be better to wait for the settle down of the market. I will prefer to wait for the opportunity at the lower levels in coming period. Tomorrow, lord of the share market will be close to total combustion, hence no support to banks and share market from its lord. It will be better to watch for the opportunities.

Active areas can be Pharmaceuticals, virus, pesticides, alcohol, sugar, spirit or related segments may be showing movements. Healthcare is another important area. Pathology Laboratory and partially automobile may remain active.

Look for opportunities at lower levels for good equities. Pressure on the market will not be surprising.

Indian Currency

Indian Rupee may trade in between 71.10 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.