Daily Forecast – Share Market – February 17th, 2022

Watch the levels 17950 to 18050 of Nifty with care | Global cues Mixed

Mars with Moon is leading the day, well supported by Rahu, Ketu, Jupiter, totally combust Saturn, and Venus. Indications are cues from foreign cues may be tough for the local market. Karmfaldata/Nyayadhikari Shani dev AST (Totally). Results can be seen on market’s movements. The same impact can be seen in Judiciary also (just a possibility).

This does not mean that our market may show big dip at the moment. Market may open 18000 of Nifty. Keep a watch on FIIs or better to say that keep a watch on financial institutions. Because expiry day, market has closed on important levels of 18000.

Possibly buy on dips will be better for the day. But remember today is last working day of the week. Geo-political situation is changing very fast. It will be better to watch the lower levels of Nifty if it breaches 17950 then wait and watch.

It will be better to watch with care in between 17950 to 18050. If any of the level breaches then opportunity for buying may be seen or selling can be seen.

US is indicating decent job related data.

It will be better to keep a watch on automobile ancillary, automobile tyres, automobile, also watch with care textiles, leather, sugar and related segments. Interesting areas can be IT, banks, financial institutions, insurance, Judiciary decision may also affect the market, chemicals, pharmaceuticals, and many more may be seen.

Market may show initial challenges to the opening. Global cues may show Mixed results on our market. Keep a watch in the range of 17950 – 18050 of Nifty levels.

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.