Daily Forecast – Share Market – February 2nd, 2026

Sell on Rise – Nifty suspicious | Sentiments suspicious | Banks vulnerable

Moon, Saturn with Mars leads the day well supported by Rahu, Venus and Jupiter (Rx). Aftereffects of budget can be seen during the day further. Secondly, cues from geo-political issues may have an impact on the business.

Chaturgrahi yog still persists. Issues related to IT, communication and others may give trouble to the market.

Yesterday itself market has dropped around 1.96% for Nifty. Sensex had negative impact of 1.88%. In fact impact on certain pharmaceuticals, rare earth materials, can be seen. But regarding MSMEs let the market see its impact.

Textiles etc. may feel in future, if it goes the way is presented. But today may give advantage to textiles.

Banks and financial institutions – I must say, watch with care. STT impact will be seen on FIIs and other institutions, Pension funds and many more during the coming time.

Regarding Silver and Gold, after a great slip on Saturday and Sunday. Still some chances of Jhatka in Precious metals. Possibly because of Warsh’s appointment and move to strengthening USD, Silver has slipped and may further slip from the levels. This may effect China’s stock of silver. Gold may also be affected. Trade wisely. Trimming may be seen.

Stock market may also see some pressure on upper levels. Buying from lower levels may be seen. Nifty may try for 24950. But profit booking on upper levels expected. Remember, chances of mixed day possible. Lower side Nifty may test 24700. Sell on rise or pressure.

Defense and Rare-earth minerals may show some movements with Textiles and Pharmaceuticals. Watch metals with care.

Global cues suspicious. I must say, there is a little chance of recovery from the lower levels.

Volatility possible. Impact of Budget can be seen during the day and week. Crude oil may show some pressure. Mainly because of Iran US chances of discussion on the table.

Watch with care Volatility of Silver.

Indian Currency

Indian Rupee may trade in between 91.30 to 92.00 per USD.

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