Daily Forecast – Share Market – February 7th, 2023

Buying from lower possible | Focus of Exit levels always Important

Rahu with Mars is leading the day, well supported by Sun, Moon, Saturn, Ketu and Venus. Cues from foreign lands will be important, along with results of various companies may be influencing the day. Local issues may again be important for the day.

Importantly, Mercury lord of banks and share market is moved in Capricorn sign with Sun, forming decent Budh-Aditya yog. Indicating that chances for banks or share market may be bit better. Possibly Nifty may try to move ahead with shaky mood. Tomorrow RBI will be opening rates of interest etc. Nifty may try to move ahead and may look for 17875 or so. Or better to say that market may try to regain yesterday’s levels. Still market is trying to look for the direction of the market. Confusion in the market is clear.

Rahu-Ketu may give sudden swings on either side or shakiness.

Trade with care.

All the segments may remain active, currency is losing base and may look for 83 against USD. Crude may cross again 82 USD.

Banks may again give a chance to buy on dips. I agree that certain banks may show shakiness. But there are good rising banks also. Always remember your exit point. Avoid rigidness in the market. At times one must move with the swing. Tomorrow’s Repo rate announcement will be important for the direction of market.

Indian Currency

Indian Rupee may trade in between 82.30 to 83.00 per USD.

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