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

Flat Opening | IT, Communication to trade Positive

Ascendant lord Venus is giving strength to its own house, and transiting through the Nakshtra of Saturn, indicating that although inflation will be increasing but may not affect market sharply, because results of various companies are expected so, market may be hopeful. Mercury is moving slowly and losing its speed, so I can expect not much movement in the market and can expect almost flat opening.

Sun will be moving to its debilitated sign at 12:00 Hrs (IST), and conjunct with Rahu and Saturn. Indicating some negative impact on infrastructure, power, Vehicle related, mines and minerals related and other related fields such as cement etc. I will like to be ready for profit booking.

IT, communication, Aviation, Transport, hotel and tourism Industry etc. may be in better position. Industries related to Gems, Jewellery or such type of Industries, or industries related to export may perform better.

Pharmaceuticals, hospital and related to eatables may also give some movement.

I will like to be ready to book profit if it is required.

Indian Currency

Indian Rupee may be within the range of 61.0 to 62.25 per USD.

Gold and Silver

Gold probably some profit booking can be seen. Silver may trade in positive zone.