Daily Forecast – Share Market – February 21st, 2024

Nifty may look for + 100 points | Volatility or dips possible

As and when required cash your profits

Moon with Rahu leads the day, well supported by Mars, Mercury, Venus, Jupiter and Saturn. Importantly Lords of foreign lands, partner political parties etc. and lord of ascendant, unexpected gains etc. are involved in planetary war. Lord of political partners and foreign lands is defeated in Planetary war, impacts on various political parties and foreign related issues can be seen during the day.

Watch FIIs.

Indications are again that market may have some positive emotions for the day. Judiciary and other activities may show its influence after lunch hours. Even then it looks that political stability may be supporting the market for the period.

Nifty may further show + 100 points or so. But Rahu is playing important role during the day, so may give some volatility and positive movements. Watch news related to Judiciary or some other important news (just chances).

Areas like banks, IT, communication, logistics, hotel and travels, space, fashion, FMCG, non-traditional segments, alcohol, chemicals, alcohol, rubber plantation related, coffee, leaf based like tea etc., watch insurance and petroleum marketing companies, watch financial wallet related companies, power, automobile (look for opportunities at lower levels), and many more with automobile tyres etc. may be doing or showing movements.

It will be better to cash your profits as and when required, because suddenly market may show dips. Opportunities on dips – avail.

Nifty may be around 22300 (try for). Suddenness possible. Crude is maintaining its level.

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.