Nifty Prediction : Mix day not surprising | Market looking to hold levels

Daily Forecast – Share Market – February 17th, 2021

Mix day not surprising | Market looking to hold levels

Sun with Venus leads the day, well supported by Moon, Mars, Rahu, Jupiter and Ketu. Geopolitical cues are playing important role for the global trade and Crude oil. Russia and Ukraine still there are no clarity. But situation is not as bad as it was looking during few days back.

Planetary position is not bad. Only concern is local issues related to unemployment – which is affecting buying the regular market – hence, I am surprised for the runup in 2021. Market needs a cooling off time also. We must remember, at present in share market liquidity is not bad. Despite of withdrawal of a big amount by FIIs, Indian share market is holding breath. That means cashflow is not bad till now from local resources. But still, this market needs a time to cool down.

Today, market may try to hold the levels. Although, there is chances of Volatility during the day.

I believe that market is try to hold the levels and look for 17400 of nifty. Banks are bit shaky, but other segments are better.

Opportunities in IT, communication, logistics, automobile tyres, batteries, Clean energy or green energy, solar energy, electronics, cement, infrastructure, power, chemicals, sugar, insurance, petroleum marketing, oil exploration, healthcare related, alcohol, spirit, electronics and electrical, communication instruments, defence, space and many more segments.

Nifty seems not bad. Only issue is geopolitical issues. Mix day will not be surprising.

Indian Currency

Indian Rupee may trade in between 74.60 to 75.30 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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