Daily Forecast – Share Market – February 9th, 2023

Nifty may look for 17900 | Volatility from Upper possible

News from foreign lands important for a group/company

Mars and Sun are leading the day, well supported by Moon, Rahu, Ketu, Jupiter and Saturn (close to total combustion, just within two navmansha away from Sun – in the shadow). Impacts can be seen accordingly. Foreign cues and political issues may be playing their role but local issues, RBI, and quarterly performances from Indian market – remains important.

Global cues may not be very supportive. Possibly, Market may look for 17900 levels of Nifty. Now point is that Karmfal data Shani dev in coming period will be totally combust. On the day of weekly expiry, we may see initial buying but possibly some volatility is possible.

I believe that still market is looking for some key factor for trigger in the market. Rahu and Ketu are indicating Volatility in coming period will not be surprising.

INR is maintaining look for 83 (close to) against USD. Chinas anterdasha is indicating that their period after this February may be good for their karma and its results. So, next period may be good for their working.

Areas like defence, IT, communication, dairy, financial institution may be playing key role to derive the direction of the day, it will be better to keep a watch on financial institutions (FIIs and DIIs etc.). Petroleum exploration, insurance, power, automobile, automobile tyres, agriculture, sugar, and other products related sugar industries, and many more may remain active.

Selling from upper levels of trimming possible. Watch with care. Trade according. Giant Group may again affect the market (if it happens then not surprising).

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.