Directionless Market in Negative Zone

Daily Forecast – Share Market – August 27th, 2013

Directionless Market in Negative Zone

Mercury is coming out of shadow of Sun, means from the shadow of financial institutions, but still is deceptive. Share Market will try to hold its base, but movements will be deceptive. Impact of outside trade may influence this market. But Profit booking is possible. Indian Rupee may further fall or slide. This may give impact negatively on the market. I feel that today market may trade in negative zone.

I believe shares related to Power, infrastructure, metals, minerals and mines will be better among others. Vehicles and related industries along with pharmaceutical industry may try to perform better.

Currency

Indian Rupee may further slide or fall. Gold and Silver will be in comfortable zone. Copper will also be in comfortable zone.

Index

I feel in spite of directionless market, it may trade in negative zone. For long positions be careful.

2 Comments »

  1. Dear Sir,
    How do u manage to give review of current economic condition and also answer the review question .

    Thankyou .

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