Nifty Prediction : Range bound (Nifty 17600 to 17800) possible | Don’t Chase gap-up or gap-down

Daily Forecast – Share Market – February 8th, 2022

Range bound (Nifty 17600 to 17800) possible | Don’t Chase gap-up or gap-down

Mars is leading the day, well supported by Sun, Moon, Rahu, Ketu, Jupiter, Saturn and Venus. Importance of foreign cues will be seen during the opening After that news from RBI, I mean credit policy by the central bank will be key for the direction of the market in coming days. Whereas foreign cues may remain mixed.

Market may try to recover from lower and look for the previous day’s levels.

Results and RBI’s credit policy may be playing key role after 10:00 Hrs (IST). Crude is again rising. INR once again looking to enter in the cadre of 83 per USD. I am worried for Rahu/Ketu action, this market may again show volatility in coming period. Importantly, Lord of lagna and Shani are forming very good relation ship with Moon. Indications are clear that RBI’s policy may give some direction for the coming month.

Insurance, Paper, leather, textiles, cement, leaf-based segment, dairy, oil exploration, laboratory, research related laboratories, electrical and electronics, IT (company wise), FMCG, fashion, e-payment, e-based trades, e-entertainment, close watch for communication, sugar by-products, alcohol, spirit, communication instruments, cotton, and chemicals etc. may be showing movements along with banks (because of RBI’s policy).

Do not chase the dip or upside of the market. Wait or allow the market to settle down.

Nifty may remain range bound of 17600 to 17800.

Indian Currency

Indian Rupee may trade in between 82.20 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.

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