Daily Forecast – Share Market – February 22nd, 2021

Volatility possible | Sell on Rise | Keep a watch on News/announcements

Moon with Rahu and Mars is controlling the day, well supported by Mercury + Sun. Importantly, Mars has moved with Rahu, in the ascendant of India’s horoscope, this is not considered as decent position for Mars, but Rahu and Mars may exchange their behaviour at times. Volatility will not be surprising. Impact of foreign cues and FIIs may still continue. Rahu may give sudden movements during the day on either side. Important point is that foreign cues are supportive for a while.

It will be better to trade with the flow, but domestic indications due to conjunction of Rahu and Mars in ascendant of India’s horoscope, is not decent. This is giving sudden dip or volatility. But Range of 100 points on either side is important.

I will prefer to look for Opportunities according to sell on rise. Cautious moves better.

Automobile, wine, spirit, alcohol, sugar, cement, infrastructure, fast foods, cement, automobile tyres, banks, insurance, logistics, Finance, Power, sea related segments, research, Laboratories, Pharmaceuticals etc. may be involved in movements with chemicals, Organic compound manufacturer etc. may be doing some better.

Nifty may look for 15100, but I will try to wait and watch, sell on rise is 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.