Nifty Prediction : Dip possible 1% or so | Wait for trend after lunch | Recovery Possible

Daily Forecast – Share Market – February 24th, 2022

Dip possible 1% or so | Wait for trend after lunch | Recovery Possible

Rahu with Sun is leading the day, well supported by Saturn/Mercury, Mars, Jupiter and Moon. Important will be after 01:30 Hrs (IST). It will be better to trade for a tough period before 01:30 Hrs (IST). Market may show some slump or dip during this period.

Wait and watch on Global news, on the coming week we shall be facing conjunction of Mars and Saturn in Capricorn sign. Utha-Patak will not be surprising on global levels. Rahu is already giving Volatility and suddenness in the market.

Pressure on the trade will not be surprising. Before going for Put or Call option, it will be better to wait for some time, let the market give better direction based on geo-political and global trade. We are on monthly expiry day. Nifty may show gap-down opening and possibly recovery but not certain, because of involvement of Rahu. This Rahu will now slide or sudden rise. But I am bit suspicious for the negative side.

Keep a watch on Sugar or related shares, news from government may be seen during the day. Alcohol, glycol, ethanol (organic products), etc. Defence, space and missiles etc.

Trades for opportunities on lower side for equity based investment but it will be better to wait for the settling down of the global disturbance. But still good companies will be better to invest. Avoid weak economy based companies. It is difficult to comment on the details for the market trend. For investments wait for the trend after 01:30 Hrs (IST).

Nifty may be more than 1% or so dip.

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.

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