Nifty Breach 5300 point?

Daily Forecast – Share Market – August 22nd, 2013

Nifty Breach 5300 point?

Two days are crucial for the market because lord of the Share market will be total combust for 22-08-2013 and 23-08-2013. This position indicates that Lord will not be supporting its own house or issues ie. Share Market. Now market has to rely on outside issues or based on Government related announcement, which may not be so positive, because lord of Government is transiting through debilitated sign, so intentions will be for political purpose not for giving any direction to the Market or financial strength. Be watchful with deceptive moves, because lord of share market is combust.

Will Indian Rupee Slide Further?

Jupiter is passing through the Nakshtra of Rahu, indicating that national debt will increase and this will further affect strength to Indian Rupee, so slide of Indian Rupee is possible. Government is trapped in Political movements, Public distribution supply etc. This will further affect Indian economy till May 2014.

Industries with Strength

Today again I feel, infrastructure, mines, minerals, metals and power related industries may be in the news. Mood of parliament will also give some importance to these industries, so be watchful. Land related, power, metal and infrastructure related equities may play better.

Currency, Gold and Silver etc.

Indian Rupee may further face fall, if steep fall is seen then I will not be surprised. Gold and Silver will be further strong. Copper will be in a better position.

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