Daily Forecast – Share Market – October 22^nd, 2013

Nifty may open in Negative zone

Mercury lord of banks and financial institutions and share market house has become retrograde, so yesterday market had seen its impact accordingly. Today opening of the share market may be in negative zone. I feel that market may try to set its direction for the coming few days. Banks and financial institutions may trade either slow or in negative zone, be watchful.

Petroleum, IT, communication, Hotel and tourism related industries may perform better. Cement, Infrastructure, Vehicles, power and metals & minerals may also give some advantage along with paint related industries, if required then book profit.

Pharmaceuticals, agriculture and hospital related industries may be better. Eatables related industries may gain some momentum, inflation may further go up.

If any volatility is seen then I will not be surprised.

Indian Currency

Although, Venus lord of the nation’s natal chart is giving strength to the chart, but due to rise in inflation and foreign related issues are indicating that Indian Rupee may trade in between 61.25 to 62.0

Silver and Gold

Silver may be better along with Gold.