Daily Forecast – Share Market – February 22nd, 2022

Nifty may breach 17800 | Volatile and suddenness possible

Saturn, Moon with Rahu are leading the day, well supported by Mars and Ketu. Malefic planets are aggressive. Indicating critical communications and situation is developing globally. Support from global market may not be so impressive. Which may affect the opening of the day. Monthly expiry is also waiting ahead.

USD is showing strength, which may affect INR. Again, influencing our market. Indications for breaching of 17800.

Market for tomorrow will be affected with the news from government agencies, and day may be influenced with Government news. Pressure on global economy is clearly visible. Inflation (globally), unemployment issues and fall in demand (both are relatively related) is also clearly visible.

Indications for defence segment is looking lucrative globally, at the same time for us will also improving and better place to invest. IT is still on the higher side. Let us wait and watch for the results (compiled for 2022-23). Work force from IT is highly affected because of recession.

Trade with care. Remember, for casual traders, time to watch and learn the movements of market. Avoid trading (unnecessarily, because every day trading is not essential).

Now facts related to startups entered in listing, since investors have invested heavily in such companies, so, as they get their decent margin after listing, many of them has opted out. Resulting, traders and local investors have lost big amount of their money. I can not comment on their balance sheet and proper capital structure of basic promotors. So, before going for any of startups – steady their entire history, capital investors and study maximum available balance sheet etc. only then go ahead.

Mixed day possible. Market may try to show comeback from lower levels but be watchful on upper 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.