Daily Forecast – Share Market – February 8th, 2021

Nifty may again look for 15000 | Trade with stop-loss

Mars with Moon is leading the day, well supported by Ketu, Venus and Mercury (Rx). Foreign cues are interesting, support from such cues will be important. Keep a watch on FIIs, lord of share market is transiting in its suksham house, so supporting own, although lord of the share market is heading for blind spot with Sun, so may be bit difficult for the lord of market with whole heart. Other issues will be supporting to the local market during the day. Now, time is indicating that Japanese market may be going to play important (more) role in global market (with intensity) in coming months or years.

If we want to see in detail about our market, then will be better to understand the improved liquidity in the rural areas of nation. Indications can be seen from the improvements in the demand of tractor, two wheelers in rural areas with other products preferred. It will be better to keep a watch on such companies involved mainly in the sales of rural area. Whereas liquidity in urban area for many employees who were employed, had lost their jobs in Lockdown, still looking to find their previous levels. Many of them are struggling to get the job or if got the job, then had sacrificed for their previous take homes.

So, keep a watch accordingly in the market.

Pharmacy, healthcare related insurance companies, electrical and electronic appliances (in new rural areas also), finance institutions, exchange related, good banks, sports related segments, IT, automobile, automobile tyres, logistics, petroleum exploration related areas, Petroleum based products, chemicales with FMCG and many more may be interesting to watch for next coming day of fortnight.

Movements in the Indexes may be better due to foreign cues, currently geo-political situation is also not involved much, so that global trade will be affected. Crude may be going to affect us, but trade competition between US and China may again influence this global business.

On date, Nifty may look for 15000 again. Point is will it retain this level or not.

Indian Currency

Indian Rupee may trade in between 72.60 to 73.40 per USD.

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