Daily Forecast – Share Market – February 9th, 2022

Wait n watch for first hour | Trade with stop-loss (either side)

Watch according to the waves of market/Rahu-Moon may create confusion

Sun with Venus is leading the day, well supported by Saturn, Rahu, Moon and Mars. Impact of foreign cues will be seen during the day. Nifty may look for better levels. As indications are from the planetary position. Lord of share market and banks is gaining its strength.

Practically, allow market to set the levels or direction, at least for first half an hour of the opening of the market. Because Rahu can show its sudden mood. Or it will be better to say that be prepared within the range of 17025 to 17325. I feel if range breaches, then the direction (accordingly) will be set for tomorrows weekly expiry. Remember, tomorrow is RBI’s credit policy will be announced/declared, which may have some impact on the current day and tomorrow.

Results based market can be seen, along with Geo-political and local political issues. From tomorrow, assembly elections will be beginning in 5 states. So, accordingly variation can be seen during the period of one month.

Keep a watch for Pharmaceuticals, carbon black, leather, IT, communication, automobile, power, logistics, infrastructure, retail and related segments, FMCG, alcohol and spirit, acids, non-traditional segments, electronics and metals, electrical, paper, keep a watch on agriculture related or rural areas related segments, travels related products or segments, fibre or synthetic based segments etc.

Keep a watch on crude oil exploration for the coming period

Nifty may trade within range or wait to breach the levels.

Indian Currency

Indian Rupee may trade in between 74.20 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