Nifty Prediction : Sudden changes not surprising | Pressure possible | Sell on upper levels

Daily Forecast – Share Market – February 11th, 2022

Sudden changes not surprising | Pressure possible | Sell on upper levels

Mars, Sun with Venus lead the day, well supported by Moon, Saturn and Rahu. Global cues may be influencing the local market. Initially, lord of lagna of India’s horoscope is defeated in planetary war with Mars. Indications are that impact from the foreign cues may be seen during the day. Hence, pressure can be seen on upper levels.

Inflation – globally is high. In certain countries lockdown or likewise situation can be seen. Which is affecting the market. Possibly, we may see loss of yesterday’s gain. Yesterday, FIIs gave a run to the market.

It will be better to try to understand the trend of the market or mood of the market, before going for the trade. I can say that today, better to allow the market to settle down, before pressing panic button or looking for picking up the trade.

I agree that our reports are not that much alarming (inflation related), but unemployment is another point of concern.

Suddenness will no be surprising. Rahu may surprise, during the day. Keep a close watch and take advantage of the same.

Many segments may show action on either side. I would like to look positive for Automobile, infrastructure, power, batteries and automobile tyres at better rates for the coming period. IT, communication, alcohol, spirit, chemicals, textiles, insurance and many more.

It will be better to wait and watch for the day. INR is also showing weakness.

Indian Currency

Indian Rupee may trade in between 74.80 to 75.70 per USD.

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

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