Nifty Prediction : Buy on dips | Keep a watch on Geo-news | suddenness possible

Daily Forecast – Share Market – February 16th, 2022

Buy on dips | Keep a watch on Geo-news | suddenness possible

Keep a watch on IT, space, communication and travels with bank & metals.

Sun with Venus leads the day, well supported by Moon, Mars, Rahu, Jupiter and Mercury. Overall Geo-market situation is positive, but Geo-political situation is still as it is as it was earlier. Ukraine and Russia are still in critical zone. Previous day was full of excitement and gave a good runup. Chances of market according to the planetary position is not bad. Possibly, market may try to hold the levels and renew the levels.

That means, possibly try to look for better position or may give opportunities to buy on dips. Rahu can again surprise as it had surprised previous working day.

Speed of lord of horoscope’s lagna is slowing down, close to the reversal movements, and again foreign lord is defeating this Venus, indicating impact of foreign cues can be seen during the day. Keep a watch on Geo-political news during the day, which can be important for the market than the geo-trade.

Banks, metals, iron and steel, automobile, power, Financial institutions, IT, space, alcohol, renewable energy, spirit, non-traditional, EV related, solar related, electronic and electrical, look for opportunities in sugar and related segments, chemicals, pharmaceuticals, travels related (including luggage), infrastructure, entertainment, rubber based and many more.

Market may again surprise. Trade with stop-loss. Buy on dips (chances).

Indian Currency

Indian Rupee may trade in between 74.80 to 75.50 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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