Daily Forecast – Share Market – February 27th, 2023

Nifty may show Volatility again | Sell on rise | Range Nifty 17350-17550

Mars with Rahu is leading the day, well supported by Moon, Saturn, and Ketu. All the malefic planets are holding the key. Global cues may play key role during the day for intraday purpose. Despite of pressure from the global cues, market may try to look for 17500. Indications for the time being (at least) sell on rise. Banks are also not comfortable.

Nifty may be within the range of 17350-17550.

INR is weak against USD. Or in other words, USD is getting stronger for INR. It will be better for the traders to sell on rise.

Normally, when other segments are down, then gold shows some buying.

Food may have some better moves along with defence, textiles, pharmaceuticals, logistics, communication instruments this includes, wifi related instruments, aviation manufacturing related to defence, oil, cotton, leather, metals, ore, renewable energy, and related non-traditional segments, sugar, and automobile tyres etc.

Nifty may remain in the range of 17550 to 17350.

Indian Currency

Indian Rupee may trade in between 82.20 to 83.10 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.