Daily Forecast – Share Market – October 8^th, 2013

Volatility in Nifty |Bank nifty not strong

Market may open with positive zone, because Mercury lord of the share market is winner of planetary war with Saturn, but in later part of the day we may see some change in the market, and at the closing bells, not much change in the market. This market is not for long term small investor. Market is behaving according to certain norms as if it is pre-decided.

Since, Venus is giving strength to the ascendant that’s why Market is trying to hold its position. Mercury is moving in the Nakshatra of Rahu, indicating uncertainty in the market. Volatility in the market is possible.

Industries related to mines, minerals, insurance, petroleum and transport may in light. PSU banks etc.  may not be good for investment for the time. Power may show some sign of movement.

Trading may give benefit to selected persons, who can utilize this market properly.

Indian Rupee

No strength in Indian Rupee although government is trying to check inflation, but is not under control of government. So, Rupee may show some negative trend but with some recovery.