Daily Forecast – Share Market – February 27th, 2020

Volatility Possible | Nifty range 11600 to 11800 | Global cues Imp.

Rahu with Ketu & Mercury is leading the day, well supported by Sun + Venus. Now, Ketu has started showing its impact globally for health point of view. Globally, situation may not be comfortable in respect to Corona Virus, giving negative impact for the global market. Consumption – globally may go down, which may give negative impact on companies in coming months – Rahu is indicating accordingly. Mercury is trying to come out of shadow of Sun.

Foreign cues and local political and public unrest may give directly or indirectly growth of the business during the period. Volatility is expected or not surprising. Crude may remain under pressure due to consumption.

Keep a watch on various segments. Wait for long term investments. Let the market take a turn around properly.

Digital, IT, communication and certain banks like SBI and IPOs based companies may be showing some movements. Keep a close watch on foreign cues and government news.

Intraday traders – wait and watch. Nifty may look for 11600 levels and on the upper side may look for 11800.

Volatility possible.

Indian Currency

Indian Rupee may trade in between 71.20 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.