Daily Forecast – Share Market – February 15th, 2024

Allow Nifty to settle above 21925 | Buy on dips |Stoploss 21800

Sun, Moon, and Venus are leading the day, well supported by Ketu, Rahu, Mars, and Mercury. I believe that buy on dips, allow the market to be stable above 21900, which will further support for next levels.

Watch Japanese market, whereas US may give support to the market. Keep a watch for Banks, because in my opinion is planning for further movements in coming period. I must point out for automobile for tomorrow and coming period.

Crude may see some pressure, which may give support to petroleum marketing companies. Consumer based companies may also be showing some advantages.

IT – I feel is preparing for the coming period. It is the time when better to look for good IT companies at better rates. Companies like Persistent has given great gains after lockdown of 2020 (multiple times gains), giants like Infosys etc. have not shown according to their reputation and level.

Power, infrastructure, reality, logistics, railways, shipping, defence related segments (including electronic and drone manufacturing etc), chemicals, rubber, automobile tyres, EV linked batteries, vehicles, non-traditional segments like solar, alcohol, sugar etc. may show movements during the day.

Nifty may show movements towards 21950 and stoploss at 21800 will be better.

Indian Currency

Indian Rupee may trade in between 82.70 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.