Daily Forecast – Share Market – February 9th, 2024

Watchful with Mirage like situation | Trade with cautious positive emotions

Look for opportunities at previous day’s lower levels

Moon with Venus leads the day, well supported by Sun, Mars, Rahu and Mercury. Rahu with Venus indicates cautious movements, but Moon indicates bit positive emotions. That means cautious positive emotions for the market.

Buy at lower levels with stoploss.

Reason is political, Geo-political situation, company like HDFC – again giving surprises. FIIs are unreliable for the period. Religious matters may change the emotions for the elections. Traders (casual) should pocket their profit (may be before time – no harm), but should not take unnecessary risks.

Only regular traders – hardcore traders they should study technical data also of companies properly, only then move in. So that if trapped, then you can look for long term investments.

HDFC has no support at the moment. SBI is holding and moving ahead. US market is based on their companies results etc. and doing better.

Almost entire horoscope is active. Crude may show some rise.

Watch electrical equipment manufacturing units, power, automobile, IT, logistics, railways, or better to say travelling resources, space, defence, it will be better to watch Mirage like situation on either side, non-traditional segments, infrastructure, and many more may show movements.

Nifty may look for 21775 and stop-loss will be better. Buy for opportunities at previous day’s lower levels.

Indian Currency

Indian Rupee may trade in between 82.60 to 83.30 per USD.

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