Daily Forecast – Share Market – February 3rd, 2021

Sudden moves possible | Trade with strict stop-loss

Rahu, Sun with Moon are leading the day, well supported Ketu, Saturn and Venus. Importantly, Saturn is total combust and impact will be seen during the day in the related areas. Mercury is also close to change the direction of transit and speed will be slow. Indications will be slow or lazy opening.

Crude is still rising, or better to say entire energy segments will be costing more for the globe. Geo-political situation is alarming for a while. Which may also give impact on the market – possibly in coming period.

I believe market is ready to move ahead, but with some ups and downs. Rahu is always known as suddenness. So, may surprise and give sudden movements.

Initial slow movements and then after 10:45 Hrs (IST) change in the movements. So, trade smartly.

Issues with automobile tyres may be seen, whereas batteries, defence, space related segments, EVs, alcohol, spirit, renewable energy, power, communication and missile, IT (look for opportunities at better rates), communication, trade with care for textiles, leather, paper and engineering sectors.  Metals, coal and related areas, and paints etc. may be mixed for the day.

It will be better to say that market may look for 17800 but ups and downs or mixed movements also possible. Strict stop-loss important.

Indian Currency

Indian Rupee may trade in between 74.50 to 75.20 per USD.

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