Daily Forecast – Share Market – February 22nd, 2024

Nifty may look for 22125 | Look for Opportunities in Banks and IT

Moon with Rahu is leading the day, well supported by Mars, Saturn, Mercury and Venus. Importantly Lord of foreign lands and Lagna Lord of horoscope are involved in close planetary war, this may give weakness to the lord of Horoscope, and indicates that chances of impact of foreign lands may be more. Market may show Ups and downs, other planets are indicating that because of foreign cues, we may see some initial recovery from lower levels.

Watch Banks in coming day or for tomorrow, which may give some better movements in coming period.

Today Nifty may show recovery from lower levels, wait for banks levels. Possibly Nifty may look for 22125 or so. Banks – watch and if required trade with positive intention.

Crude may maintain values around 82-85 USD. Watch Oil marketing companies and again look for opportunities for long term.

Areas like textiles, paints, oil based products may be doing better, along with paper, leather, fashion, defence related, engineering, space related segments (related products), electronics and electricals, IT related segments, alcohol and non-traditional segments and many more may remain active.

Nifty may look for 22125, stop-loss for 22000 (although Nifty may hold levels), wait and watch for upper levels. As and when required, look for Opportunities.

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.