Daily Forecast – Share Market – February 21st, 2023

Volatile Movements Possible | Nifty may remain 17800-18000

Rahu, Moon and Saturn are leading the day, well supported by Mars, Jupiter and Ketu. Importantly, lord of the horoscope is in its exalted sign with Jupiter. This Jupiter is also enjoying the placement of own house. Both are protecting the house of share market, that means, ups and downs may be possible, but these two planets may try to hold the levels, whereas other Geopolitical issues are turning in different way.

Commercial news from China may remain better because their Anterdasha lord of China’s horoscope, Yogkaram Venus is placed in the house of karma. This anterdasha lord is Venus. I believe that next 2-3 years may remain better for their karma purpose. This means their market may show growth.

Metals may give some advantage to the market. Crude oil is around USD 80-85. Currency is also around INR 83 for every USD.

Market may show mixed results and again sudden moves possible. Insurance and petroleum segment may show some movements along with IT, leather, sugar, textiles, entertainment instruments manufacturer, automobile tyres, batteries, edible oil, rubber, dairy, FMCG, chemicals, fertilizer (keep a watch), drugs, coffee, Tea and many more may remain active during the day.

Nifty may remain in between 17800 to 18000.

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.