Daily Forecast – Share Market – February 24th, 2021

Nifty may show movements | Move with Caution better

Moon is leading the day, well supported by Mercury, Sun, Mars, Rahu, Jupiter and Saturn. Indications are that market may see movements in many segments, possibly mid-caps and small caps may be doing better. Index from large caps may not be as better as mid-caps etc. Foreign cues and Geo-political situation will be important for the period. Impact of policy from US for corporate may be giving some impact in the coming period.

Crude and sea related segments may further look interesting. Non-traditional areas may remain interesting. Keep a watch and move accordingly. Volatility will not be surprising, or waves can be seen during the day (Up and low).

Planetary position indicates that even though movements for upper side may be seen, but it will be better to move with care, cautious movements for the coming period. Keep a watch on news from government side/agencies etc.

Movements in textiles, leather, sugar, sugar related, agriculture related, automobile, power, paints, cement, IT, communication, mid-caps, health care, Pharmacy, banks and financial institutions, alcohol, spirit and related areas, FMCG, moves in Petroleum related segments, keep watch on FIIs.

Nifty may show movements, but it will be better to move with caution.

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.