Daily Forecast – Share Market – February 23rd, 2021

Volatile Day | Buying from lower Levels | Profit bookings expected

Moon with Rahu is holding half day, well supported by Jupiter, Sun, Mars and Mercury. Indications are again for pressure at least in the first half. It will be better to allow the market to settle down. I feel that buying from lower levels possible.

It will be better to look for opportunities at lower rates or it will be better to say that in coming period market may show further Profit bookings or may show lower levels. Time to trade with care on both sides. Remember Mars can behave like Rahu and Rahu like Mars. Sudden changes in mood will not be surprising. Keep a watch on foreign cues and FIIs.

Movements in IT, communication, banks on either side (better to be safe/precautions). Infrastructure, non-traditional, wine, alcohol, spirit, hence sugar also, chemicals, Pharmacy, health care, testing laboratories, insurance, real-estate related, cement, sanitary related materials, and many more.

Trade with care. Buying from lower levels, Profit bookings also possible. Volatility possible.

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.