Daily Forecast – Share Market – February 5th, 2025
Nifty may show Positive opening | Use the day
Moon, Jupiter and Saturn are leading the day, well supported by Sun with Venus. Again linkage with foreign house lord is indirectly influencing our market in the coming time. Impact of direct Jupiter will be seen during the period.
Previous working day’s movement was very strong. Market was able to hold the levels of 23500 of Nifty. Nifty may try to look for upper levels. But resistance can be seen during the day or coming period. Possibly, Gap up opening may be seen today. Use the trade for short term basis.
Crude oil prices may show some movements on upper side, but global tariff war or news may be seen as threatening or shaking the market. Issue because of reach of Musk to President or White House may give some sudden changes in trades, just to shake giant global company so that someone can takeover the organization as it was for ‘twitter’.
Keep a watch on infrastructure, power, IT, communication, Oil, and engineering with textiles, fertilizer, leather and many more.
Market is in the mood for estimation for the new policy after budget by New RBI Governor. It will be better to take advantage of the benefits but for the short term. News related foreign cues will be important. Today market may look for buying from lower levels.
Please keep checking. INR has confirmed its levels above 87 against USD.
Indian Currency
Indian Rupee may trade in between 86.30 to 86.80 per USD.
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