Daily Forecast – Share Market – February 28th, 2025
Nifty may test 22500 | Upper side look for 22600 | Watch banks carefully
Last day of the month and a day short week. Hence before carrying any trade for next working day, take proper precautions, because of Planetary movements and Geo-political/commercial situations.
Jupiter with Rahu leads the day, well supported by Sun, Moon, and Saturn. Importantly, lord of share market has moved in its Neech rashi, which is trying to protect own house of share market. Impact of Rahu with Moon may create some confusion also. But during the month of March, this Neech lord of share market may try to protect own house and its activities.
When Rahu is strongly influencing the market with Jupiter, that means Guru dev and Chandal are trying to influence the market, hence we may see confusion in the market. Yesterday evening market (Nifty) slid strongly.
Today, lack of confidence can be seen. Even then some recovery from lower levels possible. Watch banks, they are holding key for the day. Auto and IT are not in proper support.
FIIs are moving out from the market, possibly moving to China and Hongkong markets, possibly because of their policies and dependability on policies. In our market we are reacting to the negative performances of corporates, and economic growth has started sliding apart from unemployment and inflation (on ground). Weakness in banks (Cash deposits Vs Debts) and many more issues.
It will be better to trade with care. I agree that possibly, share market may show some recovery from lower levels or try to hold the levels in coming month, but major impacts of other planets can change the momentum.
Nifty may test 22500 and on upper side once again try to look for 22600 or so. INR may again show weakness. Crude oil may remain in between 73-77 USD.
Protect funds. Trade wisely. Stoploss is a must. Use upper levels intelligently.
Indian Currency
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