Daily Forecast – Share Market – February 12th, 2024

Nifty may show +100 points | Gap up no surprise

US indicates – IT may recharge in coming months, which may activate banks also

Sun with Moon leads the day, well supported by Mars, Rahu, Jupiter, Mercury and Venus. (Indirectly Saturn is also active, that means entire horoscope is active. Rahu is placed in the house of gains and giving aspect on the house of share market, there is no negative impact on this Rahu, indications are clear that gains in the share market may be seen during the day.

Wait and watch for IT in the coming time, reason is US market may give better results in IT/technologies, hence our Indian IT market may show some better movements in coming period, reason is – our IT is based on out of India’s companies.

Banks may show some movements, but our banking is also heavily relying on IT, so in coming time this may also give movements. Overall other sectors have no much issue. Unemployment is also seen due to IT, and related segments.

I feel Nifty show positive movements, again +100 points may be seen in Nifty or so.

Movements in almost all the segments may be seen with Midcaps and small caps may also show movements.

Nifty may move ahead and clearly indicates for 22000 of its levels in coming period.

Crude oil may remain 80-82 USD

Indian Currency

Indian Rupee may trade in between 82.60 to 83.40 per USD.

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