Daily Forecast – Share Market – September 2^nd, 2013

Positivity in Share Market

Share market house lord has come out of shadow of head of nation, cabinet and heading for its own house. So, market has started showing some sign of pleasant movements in the trading. But be alert, after opening which may be up due to international reasons, but we may see some profit bookings. Jupiter in the house of finance is indicating that few banking shares may be in the positive side and others may show some negativity.

It’s time to be careful, be practical while booking your profit. At lower levels, pick some good share for the coming days, when lord of the share market will be in its own house and no affliction. But I will not prefer banking and financial segments. Petroleum, gems, artificial Jewellery related issues will be better in my opinion.

Sun indicates that still industries related to infrastructure, automobile and related segments like Automobile Tyre, batteries may be better, power, mines and minerals may do well.

Currency

Last week, after slide in Indian Rupee we have seen some recovery, but still on the weak side. I still believe that we can see some fall in Indian Rupee. Economic condition may fall till middle of May 2014.

Silver and Gold

Moon is in its own sign. I believe silver will further enjoy more recovery, because gold is still in positive zone, profit booking etc. is a part of trading, and we may see some positivity in Copper also.