Daily Forecast – Share Market – February 15th, 2021

Nifty may look 15250 | Look for Opportunity at lower levels

Moon is leading the day, well supported by Venus, Mercury, Saturn and Mars. Global cues, international movement of crude, FIIs and other local issues like results of third quarter may give impact our market. Globally, European nations are facing COVID impact (new version). This may give impact in future for the global demand of various products.

Negative can be rates of Petrol and diesel etc. Other issues are supporting the day. I believe if Nifty dips to 14975, may give an opportunity to buy, but I will prefer to look for 15250 or so. FIIs may play again important role.

Wait for 15300 in coming days.

Movements in IT, communication, dairy, leaf based segments, logistics, since investors or traders are increasing or may increase in the market, that means more liquidity in coming period – which may be good for others also. Money of others can also give profit or may increase profitability during the year or in coming years.

Metals, electrical and electronics manufacturing, or marketing companies (this may medical/doctors related instruments also) may look for opportunities in the years to come, so opportunities for investors and traders will improve. E-commerce, banks, crude exploring companies, infrastructure, automobile, automobile tyres, two wheelers, rural based segments, FMCG, health related, pharmaceuticals, laboratories and importantly chemicals etc. may be looking interesting during the period.

Trade with positive note and look for opportunities (volatility also possible).

Indian Currency

Indian Rupee may trade in between 72.40 to 73.10 per USD.

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