Daily Forecast – Share Market – February 8th, 2022

Opportunities lower levels and upper levels | Trade with care

Venus with Sun is leading the day, well supported by Saturn (C), Moon, Mars and Rahu. Global issues may again play some important role, market may try to show some recovery from the lower levels. It will be better to trade with stop-loss on upper levels or trade with care.

Market missing confidence and weak emotional feelings.

This is also fact that market is watchful for the RBI’s declaration of credit policy on 10-02-2022. FIIs are still not in mood to hold the stocks but DIIs may give some support to the market. It will be better to look for opportunities on both the sides – lower and upper.

Nifty may try to recover from lower levels, and it will be better to be watchful on upper levels.

Movements in many sectors can be seen. Banks and financial institutions may be bit watchful, but chances are there. Automobile, automobile tyres, automobile batteries, EVs related, power, infrastructure, reality, and related segments like cement, Paper, textiles, acids, alcohol and spirit, many more may remain active.

Trade with care.

Indian Currency

Indian Rupee may trade in between 74.10 to 75.00 per USD.

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