Daily Forecast – Share Market – September 17^th, 2013

Bank Nifty may trade negative | Milk Product Industries

Venus lord of ascendant is transiting through the Nakshatra of Rahu along with Saturn and Rahu. This Venus is conjunct with Saturn and Rahu, indicating that national debt position is not good. Jupiter is indicating that Banks and financial institutions are not comfortable, so Profit booking in banking segment may be seen or better to say Bank Nifty may trade in negative side.

Industries related to Milk Products may see some movement and milk products may rise in next 72 hrs. This may affect Milk Product industries.

It’s time to book profit in steel, mines, infrastructure and power related products. Aviation/communication, IT, Hotel & tourism and Transport Industry may see some movement.

Inflation is rising, this may further affect this share market in coming days, be careful while going for long. It’s time to wait and watch; book your profits in time.

Currency

Currently it is apparent that Indian currency is regaining its position, but I am not positive, any time we may see slide in value.

Gold and Silver

Gold may see some mixed trend while Silver may see some further profit booking. Red chili can be deceptive.