Daily Forecast – Share Market – September 16^th, 2013

Aviation, communication and IT Industry

Ascendant lord is in the house of disturbance and three planets are transiting through the Nakshtra of Rahu, and Saturn is transiting at the closest degrees of Rahu (North Node), aspect from Jupiter and Mars are giving dangerous combination. Increase of National debt is possible. We may see further man made or impact from out of India on Indian economy. My suggestion is be watchful, although market (Nifty) may open with a gap (positive), I will take it as a deceptive trend in coming days. Suddenly slump can be seen in this share market. This can be due to either some news or due to some mischievous activity in the market.

Time has come to book profit in infrastructure, Power, mines and metals etc. Banks may show some move but be careful, national debt may increase in coming days, certainly that will hurt national economy and inflation and importantly share market too.

IT, communication, Transport, Aviation and Hotel Industry may give some better trend.

Currency

Indian Rupee, I do not feel is strong. For trading purpose may show some ups and down, but overall situation for Indian Rupee is not strong.

Bullion

Gold may see some down trend in coming days, Silver can be positive. Copper may be positive.