Nifty Prediction : Let the market settle down | Pressure/Profit bookings Possible
Daily Forecast – Share Market – February 26th, 2021
Let the market settle down | Pressure/Profit bookings Possible
Moon with Mercury is leading the day, well supported by Rahu, Ketu, Sun and Mars. Foreign cues may be influential for the local market. Indications are clear that market may show profit bookings from upper levels. INR may lose its base and rates of USD may rise.
Nifty may breach some levels also. Crude is rising, along with strong USD, which may further give negative impact on our energy/fuel cost. Indications are clear that market may open with lower rates or gap-down opening.
I feel that it will be better to avoid trading in the first session and allow the market to settle down. It is always better to wait and watch at times, don’t rush for trade. Local issues are not supportive. COVID is rising, fuel cost protest by transporters, market for other reasons, this can be tough for a common man.
Movements in IT, sugar, communication, logistics, automobile, infrastructure, leaf-based segments, coffee, spirit, non-traditional, communication instruments, metals, defence, electronics, cable, Optic fibre, and many more.
Trade with patience, it is not necessary to trade on daily basis. On some day, it is always better to take some rest from trade, watch with care and follow.
Indian Rupee may trade in between 72.90 to 73.60 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market