Daily Forecast – Share Market – September 10^th, 2013

Positive Trend in Market

Mercury is transiting in its own house and from the nakshtra of Sun, placed in the house of Infrastructure, Vehicle, mines, metals and power etc. I feel focus of the market may be in the said segment. But petroleum industry may also see some positivity.

Banking and financial institutions may see some positive touch, but I feel is not strong. So, while trading in banking and financial condition, be watchful, because economic condition is not comfortable, and in future, because of some decision by the government (for election purpose), economic condition may further go down or any scam related news may work adversely.

Pharmaceuticals, Hospital, eatables and fertilizer may be in better position.

Currency

Indian Rupee may gain some strength, but that does not mean that economic condition is improving.

Gold and Silver

Gold and may get some positivity, but Silver may see some profit booking. Copper and red chilli may be in positive trend.