Daily Forecast – Share Market – February 22nd, 2022

Volatility Possible | Pressure on Nifty 17000 can be seen

Rahu with Sun leads the day, well supported by Jupiter, Venus, Mars and Moon. Geo-political situation is very important for the global trade and business, resulting crude may show rise, and pressure on business circles (trade in the market) is possible.

Rahu is clearly indicating Volatile day. Sudden rise or dip will not be surprising. Globally pressure is possible. Our market may reflect the same. Nifty may try to hold the levels of 17000. I feel that going for Put for Nifty will be better. But for others can play safely. Let the market to set the directions (in coming period).

I agree that currency may show some improvements, but this may not be as good to support rise in crude oil and Geo-political situation. Ukraine – Russia tussle is now move in tense stage. Impact of other nations can be seen during the period.

Activities in non-traditional segments, alcohol, spirit, gas, space, missiles, defence related segments, oil exploration, exploration related – mines and metals, power, infrastructure, leaf-based and many more remain active, but direction can be either side. Trade with care and wait to settle the direction.

Pressure possible or better word is dip is possible. Keep a watch on Geo-political news, which may affect the market. Play safely, avoid unnecessary risks.

Indian Currency

Indian Rupee may trade in between 74.10 to 74.90 per USD.

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