Nifty Prediction : Trade in the range of 17400 – 17700 | Casual traders watch
Daily Forecast – Share Market – February 25th, 2023
Trade in the range of 17400 – 17700 | Casual traders watch
Rahu, Saturn with Moon is leading the day, well supported by Mars, Ketu, and Mercury. Indications for the market will be mainly affect from foreign cues can be seen in the later part of the day. Which may give lazy opening. But it will be again better to trade with care during the day. Today is monthly expiry. Impact may be seen some recovery and afterwards surprises from the market.
Again, for casual traders – it will be better to avoid the trade for the day. Mixed day expected according to the planetary positions, situation is for the tricky and volatility possibility.
I agree that Jupiter is supporting with Venus (exalted) to the house of share market, but other highly effective malefic planets and geo-political situations, geo-business, rising repo rates (possibility), weakness in European segments, which is affecting IT industries. Banks are trying to come out of shadow. Even then levels are low.
Try to look for opportunities in defence, renewable energy, news from IT segments is again tough, few companies may go for additional force from the organization. Nifty may try to show recovery from lower levels but be watchful. Under such Geo-political situation will be it will be better to wait for the market to see upper or lower levels. Then decide to look for the direction.
Nifty may breach 17500 and may trade within the range of 17400 to 17700. Logical stop-loss can be decided after breaching the levels or touching the levels.
It will be better to trade with care (if it is essential only then). Nifty may trade within 17400-17700.
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.
Categories: Share Market