Daily Forecast – Share Market – February 16th, 2021

Positive emotions | Looking for new level

Moon with Mars and Mercury are leading the day, well supported by Sun. Foreign cues/FIIs may be important during the day. Otherwise rising rates of crude, and Petroleum segments may increase the costs of companies. Which may influence the market in coming period.

A day of Basant Panchami and Saraswati Puja. Mood and emotions will be accordingly. May goddess Saraswati bless all of us for utilization of knowledge.

Planetary position is decent; hence market may look for new levels again. Automobile, infrastructure, reality, Paints, cement, ceramics etc. may look decent during the month.

Local issues related to growth or working of Organizations. Cost of logistics may further increase due to rising fuel costs. In fact, common man cannot look for EVs in the current scenario, because charging points are at distant places or rare, Flat system is not having any charging facility. If someone is residing in independent place/Kothi type of residence can enjoy some charging points at home for the EVs. That may affect cost of living or movements to their workplace, and for a salesperson this can be a tough period, because is moving for his earnings, indicating cost of earning is increasing like enzymes or virus. Which may affect his/her cost of living and purchasing capacity. Coming period such indirect impacts may be playing important roles for cost of living.

On date, market is enjoying bahar of Basant (season). Enjoy the day with using knowledge about companies.

Positive movements expected.

Indian Currency

Indian Rupee may trade in between 72.40 to 73.00 per USD.

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