Daily Forecast – Share Market – February 12th, 2025
Nifty – stoploss at 23000 | Sell on rise again possible
Mars, Jupiter with Saturn leads the day, well supported by Sun, Moon and Mercury. Impact of foreign cues, statements, actions and activities will be giving its impact on the global and Indian market.
Planetary movements are again indicating that chances of sell on rise or upper levels are possible. Global cues are uncertain (Commercially). Fear of FIIs selling is still persisting.
Market may give pullback, in such case it will be better to beware of fall from upper levels. Our own strength is not so powerful to handle uncertainty. Threat for tariffs on various segments can hurt our market this may include Pharmaceuticals etc.
Tesla is affected due to Chinese EV company and importantly, behavior and attitude of ‘Promotor’ of Tesla EV.
It will be better to trade on equity-based movements. Index trading is tricky. INR is losing strength and heading for 88 against USD. Crude oil prices are maintaining levels of 75-77 USD.
Stoploss at 23000 (nifty) will be better. Look for opportunities to sell on upper values. Be careful for buying at the moment. Let the market to give some direction. I believe pressure is still on.
Indian Currency
Indian Rupee may trade in between 87.30 to 88.00 per USD.
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