Nifty Prediction : Nifty may look 15200 | Volatility or Laziness Possible
Daily Forecast – Share Market – February 12th, 2021
Nifty may look 15200 | Volatility or Laziness Possible
Moon with Mars is leading the day, well supported by Mercury (Rx) and Ketu. Indicating that directly or indirectly all planets are active. Sun is in the last degrees in Capricorn sign and ready to move in Aquarius after working hours. Later part of the day, Rahu will also be active.
Profit booking or trimming at the upper levels possible. Activities in aviation is also possible. Nifty may try to look for 15200. Chances of ups are possible time to time. Foreign cues will again play important role. Importance of FIIs is clearly visible in the market these days or better to say after budget.
Possibility of lazy touch in the market. Indications for COVID in various part of globe is still threatening, which may affect crude oil in coming period. Demand of COVID vaccine may further increase.
I will prefer to look for opportunities in Index (Nifty) for a while at the lower rates. Banks may also show some movements (in few banks). Insurance, FMCG, Pharmaceuticals, healthcare, laboratories, IT, communication, Surface transport, aviation and automobile at better levels, chemicals, infrastructure, reality, Paint, cements and many more (in coming period). Look for opportunities in good companies only.
Textiles may also prepare for movements in coming period with sugar etc. Alcohol, spirit, wine and related segment may also be showing movements during the day.
Nifty may look for 15200, volatility not surprising.
Indian Rupee may trade in between 72.50 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.
Categories: Share Market