Daily Forecast – Share Market – February 26th, 2024

Nifty may look for 22300 | Sudden changes/trimming/waves possible

Rahu with Moon is leading the day, well supported by Sun, Mercury and Venus. Importantly, lord of banks, financial institutions and share market is heading for total combustion, so this week may have impacts accordingly – lack of support is possible or may hurt runup also.

Although, impacts of foreign cues may be seen. Crude oil may remain around 80-83 USD. Nifty may try for 22300, although chances of again trimming on upper levels or volatility can be seen during the day.

I agree practically, banks may show some movements, but lord of banks and share market indicates that banks and financial institutions may not be getting strength from its lord. Some trimming also possible during the week.

Watch foreign cues, which may give its impact on our market. Reason is lord of India’s horoscope is in the close degrees of lord of foreign lands. Midcaps can not be ignored, watch the values of large caps value wise and then move for long term investments.

Areas like IT communication, dairy, telecom, space, AI based segments, chemicals, rubber, leaf based segments including coffee etc., logistics, alcohol, non-traditional segments, this may include non-traditional power and automobile segments, and automobile and many more related segments.

Nifty may look for 22300 but volatility possible or wave/sudden changes can be seen in the week.

Indian Currency

Indian Rupee may trade in between 82.50 to 83.10 per USD.

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