Daily Forecast – Share Market – September 18^th, 2013

Inflation | Eatable Industry

Financial position, Public distribution system and Medical/Pharmaceuticals related issues may affect this share market; eatables are going high so that will affect industries related to eatable field. Due to debt position government may be on back foot for infrastructure and power projects so in coming days some infrastructure projects may see down trend or some other reason may hurt infrastructure.

So, it’s safe to book profit in infrastructure or play safe in infrastructure, power, metal and mines/minerals etc. This may hurt Vehicle and related segment also in coming days.

Nifty may try to be in positive zone, because Mercury is in its own sign and lord of Banks and financial institution is in own sign, but nakshtra lord is Moon afflicted by Mars, indicates some unknown reason or sudden reason may change the trend of market, so, be watchful.

Nifty may start in Positive zone.

Currency

I still maintain down side or trend in Indian Rupee. Rupee may rise today but has no strength, so I will opt for negative trend.

Gold and Silver

Positive trend is possible in gold and silver.