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Daily Forecast – Share Market – February 21st, 2025
Nifty may test 22850 | Avoid rash trades
Jupiter, Rahu and Saturn are leading the day, well supported by Sun with Moon. Issues are clear. Uncertainty is clearly visible because of activity by planets. This may show some pressure on the market.
No point to comment on FIIs, there is no point to write more on them, because sell by them is and will be continued.
Unpredictable tendency of Leader from a leading nation is at the moment may be hurting our or international environment, but this can show reversable moves also. That means global economic environment may be disturbed. Nations like China may be in a position to maintain their levels, because of their Production capacity and capacity to compete with the best.
We are depending on various nations, so this may hit us. If GDP shows any fall in coming time, then it will not surprise me. Inflation, fall in currency values. Crude is supportive for nation, but not for layman. It will be better to trade wisely. Protect cash.
Today’s market may show some pressure on the upper side.
Nifty may test 22850. Trade with safeguards. If today’s market gives any indications for long term, then it will be better to wait and watch. Use Stoploss strictly. Sell on rise or upper levels quite possible.
Nifty may test 22850. News based movements possible. Keep a watch on News.
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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