Daily Forecast – Share Market – February 14th, 2024

Watch defence related segments | Nifty range 21500 to 21750

Sun, Venus with Mercury are leading the day, well supported by Mars, Moon, Rahu and Ketu. For banking it’s a important day. US market is not supportive – reason is inflation. Inflations is still rising. Asian market after opening holidays – impact is negative. This may give some impact on our market.

Geo-political and local political situations are active – influencing the market.

Again Nifty may look around 21600 or better to say that possibly hold the levels around 21600. Foreign cues are giving impacts on our export and import movements because of sea disturbances.

Time to trade with intelligence will be key. Stoploss will be key. Upper levels sell possible. Remember pull backs also possible. That means Volatility is quite possible during the day. Watch the market (with care) after lunch hours. Still, Nifty is within the range of 21500-21750. Not losing major levels of 21000 (Nifty).

Movements in many segments may be seen. Look for opportunities on either side.

Nifty within the range of 21500 to 21750. Sell on upper levels and buy on lower levels possible. Crude oil is still maintaining around 80-84 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.