Daily Forecast – Share Market – February 10th, 2025
Slow movements, watch on upper levels | Stoploss at 23450 on Nifty
Jupiter, Saturn with Mars will be leading the day, well supported by Sun and Moon. Almost all the important planets are active, lord of share market and banks is totally combust will try to come out shortly. This may hurt the sentiment of the market, banks and financial institutions/activities.
Global cues may give some uncertainty, because of tariff messages by US and return message by related nation. But this has increased uncertainty because of such activity by US President. Debt pressure on Japan is also facing debt issues.
Local planets are indicating impact due to inflation, and other economic issues. Economic slowdown is a threat in coming days. Gold may show rise, that means investment pressure may move towards Gold and Crypto currency etc. Banks may show some sudden changes. Look for opportunities at lower levels.
INR indicates that levels may further fall, and we may see INR 88 against USD. Crude oil may remain around 74-77 USD.
It will be better to watch on giant houses and their companies in coming time. Possibly because of some or other reasons we may see pressure in coming time.
Keep a watch on electronics, electrical, communication instruments, automobile, IT, power, with sugar, textiles, leather, Petroleum related, insurance and many more segments may show movements.
Stoploss at 23450 will be better Nifty may show some inching movements, but pressure on upper side is possible.
Indian Currency
Indian Rupee may trade in between 87.30 to 87.90 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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