Nifty Prediction : Casual traders – Protect funds | Geo-political critical | Tomorrow holiday
Daily Forecast – Share Market – February 28th, 2022
Casual traders – Protect funds | Geo-political critical | Tomorrow holiday
Sun with Moon & Rahu is leading the day, well supported by Mars with Jupiter. Five planets are forming panchgrahi yog in Capricorn sign and in the house of United Nations. Hence, activities in UN will be important. Lord of foreign lands is still defeated in a planetary war with the lord of horoscope, indications will be that our market may try to show some better movements. But remember tomorrow will be a holiday for the trading market because of MahaShivratri.
Ukraine-Russia issue is in critical stage. Crude may have impact of the same. FIIs are still in a mood to liquidating. Ukraine is trying to hold with the support of their citizens. War is heading for uncertainty. Secondly Saturn is in conjunction with Mars. As on date distance is 23 degrees. So, some time is still left for further tough situation for the various countries. India should also take necessary precautions.
Currency is under pressure. Commodity may give better results.
Nifty may look for 16700+ with resistance at upper levels. Remember tomorrow will be a holiday for us, Global situation is still tricky. Play safe. Chances are tough also for the market due to Geo-political situation and elections in UP with other states.
Activities in Insurance, IT, communication, alcohol, power, automobile, green energy related, renewable energy, non-traditional and metals, health care, textiles, leather, paper, infrastructure, and many more may be showing movements with agriculture related or rural relate areas.
It will be better to play with care. Time is not for long or take risks (casual traders protect funds).
Indian Rupee may trade in between 75.10 to 76.00 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market