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Daily Forecast – Share Market – February 17th, 2025
Nifty may test 22800 in coming time| Emotion has tremor | Sell on rise better
Jupiter with Mars leads the day, well supported by Sun, Moon, Rahu and Saturn. Lord of foreign cues will be playing its role, which is transiting in the house of finance, banks and related segments also giving impact on ups and downs of the market.
That means still foreign issues, financial institutions like Pension funds or FIIs etc. will be playing important role. Banks may be not in a position to lead the momentum.
Point of concern may remain again regarding FIIs. Nifty’s last closing was below 23000, which was bit discouraging. Anyways, Planetary movements are indicating that some or other issues may be seen – for common man, may be because of some or other reasons.
Indian economy downfall may start reflecting on our share market. It will be better to protect funds (this is for casual traders). Uncertainty in the emotions of major traders. Globally, markets have different mood. China is better.
Impact of tariff plan by US on our market will also be troublesome. Consumption of Indian market is slowing down, reason is – fall in per capita income and high inflation.
Exports and other segments may start showing pressure. Consumption in local markets may drop further – possibly because of lack of purchasing capacity of layman or common man. Our government’s policy is indicating that relaxation for import related to US (because of reciprocal tariff).
Globally, war issues may get some solutions. Our Market may show range bound or with volatility can be seen.
Indian Currency
Indian Rupee may trade in between 86.30 to 87.00 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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