Nifty Prediction : Global Cues important | Volatile market | Nifty may look for 11700

Daily Forecast – Share Market – February 26th, 2020

Global Cues important | Volatile market | Nifty may look for 11700

Rahu with Ketu is controlling the day and supported by Sun, Saturn, Mercury (total combust & retrograde) + Venus (exalted). Lord of the share market is weak, whereas lord of lagna is exalted and giving strength to the house of share market. Unpredictable Rahu with Ketu is capable of giving “uthal puthal” during the day. Not in banks but also in the statements of leading persons. Banks and financial position may not be in best of supportive way.

Keep a watch on global cues also, not a decent support (I will not be surprised). Crude is also highly influenced with Ketu and indicating virus related issues. Currency value is not allowing to avail advantage of lower crude oil.

It will be better to look for better companies for the long term, but sentiment of global cues may not be suitable. Traders must be watchful during this period. When Rahu and Ketu are active strongly, can give any unpredictive levels or movements or action anywhere and same is with the market. I would like to be watchful and book profits if required. Only themes theory may be giving some advantage to the traders but not to investors.

Metals, IT, textiles, leather, paper will be showing some movements. Basically, movements can be seen in many segments, but direction or levels will be key. Sudden movements/changes will be another point of concern during this period. This Combination of Rahu and Ketu may take some more time and lord of share market may take 2-3 days’ time for giving the strength to banks and market.

Currency is also not supportive to avail advantage of crude oil. Keep a watch on Virus and related segments like Pathology laboratories and research-based segments.

Indian Currency

Indian Rupee may trade in between 71.30 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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