Daily Forecast – Share Market – February 24th, 2025
Nifty may test 22700 | Emotions not satisfactory | Watch news RBI
Jupiter leads the day, well supported by Sun, Moon, Rahu, Saturn and Venus. Importantly, Mars has started transiting direct, so for the day, the speed of this planet will be slowest for us. Foreign cues may not be supportive, rather news from foreign nation may give impact on the market. Possibly, this market may start the week under pressure.
This week has one day short for the trading in stock market, because of Mahashivratri on 26-02-2025 (day after tomorrow).
Remember, local situation of business is not strong or better to say that situation is weak. Emotions of the market may show weakness or confusion. Foreign fund managers did not have confidence in our market (it looks like they are from their movements).
I am afraid that our market may test 22700 of Nifty. It will be better to wait for the first half an hour to see the direction of the market.
The Lord of treasury is playing an important role, so watch news and government/RBI news. Keep a close watch on global news. Which may have impact on our businesses. Even some big business groups, who are not starting new ventures, but taking over old ones.
Weakness in emotions. Nifty may test 22700 hence wait and watch for first half an hour then start taking your decisions. I do not see positivity for a while.
Indian Currency
Indian Rupee may trade in between 86.30 to 87.00 per USD.
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