Daily Forecast – Share Market – October 15^th, 2013

Opening in Positive Zone | Range bound trading

Ascendant lord Venus is transiting through the nakshtra of Saturn and afflicted by Mars, but giving strength to the nation, indicating that some ups and downs but positivity can be seen in the share market, Nifty and Sensex. Importantly results of companies are also affecting this share market. Banking sector may further show some positive moves, but I feel that market may be within limited range of movement.

Jupiter lord of gains is giving aspect on Moon but transiting through the nakshtra of Rahu being lord of IT, Aviation, Hotel Industry, tourism, communication includes VAS related services, media and transport related Industries may give gains but simultaneously profit booking is also expected or we can say some ups and downs are possible.

Bank(s) may also give some movement and profit booking is also expected on certain banks. Infrastructure and related industries like cement etc. may perform well, Vehicle and related industries like batteries and automobile tyres etc., metal, mineral and mines etc. may also perform well, but profit bookings are also possible. Power segment may also give better movement.

Pharmaceuticals and hospital may be in better position.

Overall market may open in positive zone, but may trade in limited zone.

Indian Rupee

Indian Rupee may fluctuate in between 61.25 to 62.25 against USD. Inflation is increasing

Silver and Gold

Gold and Silver may also be in range bound trading.