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

Market may open Positive | Volatility with Lazy movements

Mercury is further losing its momentum, indicating that movement in share market may be less, either in terms of trading volume or movement wise or some other ways.

Venus is in the nakshtra of Mercury and giving aspect to the ascendant, possibility of some positive movement in the trading and opening may be in positive zone. Volatility, low gap with opening value or may be lazy movements in the market can be seen, but it’s a time to be ready if required then book your profits.

I believe that time to book profits on infrastructure, paints, cement, banks, vehicles, mines, metals and power etc.

Moon is in the ninth house from its own house and in the house of gains etc. I think IT, communication, media, aviation and hotel/tourism industry may give some positive movements, but again be prepared to book profit if required. Agriculture related and Pharma/Hospital related Industries can give profit.

Jupiter is giving strength to its own house of products related to petroleum or may be from sea related or can give ups and downs in the market may be volatility, but not much.

Indian Rupee

I expect Rupee can remain in the range of 61.0 to 62.25 per USD.