Daily Forecast – Share Market – September 5^th, 2013

Infrastructure and Power Industries can be in light

Medical, Pharmaceuticals and related Industry can be positive today.

Ascendant lord and share market lord are transiting at the same degrees, and ready to move in own sign in the midnight. I still feel this will give some better trend to the share market. I expect further positive look in today’s market. But sudden trends or impact from out India, will give a sudden move can be negative also.

It’s a time to be positive but be watchful. Infrastructure, Power, metals and mineral can be in light, but possibility of profit booking in IT and Aviation etc. Banking shares are not very strong; I will not prefer to go for long trading on financial institutions, although pension and insurance related industry may give some positive trend today.

Currency

We may see some positivity in Indian Rupee, but I do not feel that Indian Rupee will be strong or Indian Economy will show some positive trend.

Silver can see some Profit booking.