Nifty Prediction : Nifty may test 17800 | Volatility Possible | Buy on dips possible

Daily Forecast – Share Market – February 10th, 2022

Nifty may test 17800 | Volatility Possible | Buy on dips possible

Moon with Mars is leading the day, well supported by Sun, Saturn, Jupiter, Rahu and Ketu. Once again, we are under influence of foreign cues, although it may be a tussle between our own cues and  other countries issues.

We may see, sell on upper levels and buying from lower levels or easy to say possibility of Volatility. Rahu and Ketu are active and may give their impact on the market.

Crude is under control, but INR is still on the upper side.

Keep a watch on sell by Promotors or such persons, which may affect the segments or companies. Keep a watch on company wise watch. Results are key for the day. This may give impact on company’s movement.

Market may try to hold the level of 17800 levels. But impact of Adani group and related banks may be key for the market. Remember it will be important to wait to settle the market. Do not chase this market at the time of opening.

Areas like IT (watch with care if required avail advantage), communication, dairy, rubber, leaf-based segments, seeds based segments, metals, textiles, leather, paper, sugar, cotton, communication instrument, entertainment instruments, silk like products, products linked to bacteria, may again remain active with defence, aviation, logistics, defence, and trade with foreign (movements on either side) – wait for the news from various points and then act.

Volatility possible. Pressure on upper levels. Nifty may test 17800. Buy from lower is also possible.

Indian Currency

Indian Rupee may trade in between 82.00 to 82.80 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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