Nifty Prediction : Nifty still Positive | Trade with care | Look for Opportunities

Daily Forecast – Share Market – February 9th, 2021

Nifty still Positive | Trade with care | Look for Opportunities

Mars, Moon and Venus are holding the key for the day, well supported by Mercury, which is transiting retrograde, trying to come out of total combustion. Again, Foreign cues may play important role along with news/announcement(s) from government or agencies. Movements are still possible, may be bit slow.

Crude is rising, which may give advantage to the oil exploration. In fact, inflation in the globe is increasing after this surprising blockage of market in2020.

FIIs, will be important, tighten seat belt around 15000 of Nifty and keep a watch during the day. Results are also important to watch. Pharmacy and research/testing laboratories have done good work during the Lockdown period with IT, communication, e-commerce, FMCG (earned on blocked materials also), tyres with logistics etc.

Hence, this year will be decent for the above mentioned areas apart from banks and defence, chemicals, insurance, two wheelers, automobile ancillaries may remain decent. Automobile in agriculture related areas, products consumable in rural sectors, Upper class and lower class of the nation may show movements. Companies involved with support of internet, DTH, OTT, or other ways have also done well during the period.

Trade with watchful ways and look for Opportunities in the desired segments.

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.

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