Daily Forecast – Share Market – February 2nd, 2021

Nifty to look 14450 | Trade to earn Profit (money in pocket is real money)

Moon with Mars is leading the day, well supported by Mercury (Rx), Venus and Sun. Another shining day possible. Reasons can be cues from foreign trades may be supportive for a pickup. Reversal of market may remain continue for a while, on the basis of Government news etc. Again, it will be better to look forward for the next 2-3 days. Sun and Lord of the share market are heading close to each other, means combustion (total) is on the cards.

It will be better to take precautions for the segments where movements were extra-ordinary strong. Stocks, which have yet to catch the bus, may show some more movements.

Automobile, agriculture related segments, like fertilizer (may be on the basis of news from Government), IT, communication, chemicals, Pharmacy, defence, infrastructure, space related segments (this includes web based trading).

Results of companies will be important. Paints, automobile ancillary, tyres, batteries, and many non-traditional segments, spirit, alcohol etc. may remain active.

Enjoy the day. Nifty may further look to recover more.

Indian Currency

Indian Rupee may trade in between 72.80 to 73.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.