Daily Forecast – Share Market – July 17th, 2015

Market is looking for a Break-out |Possibility of consolidation is not denied

Saturn and Jupiter with Ketu are important planets for the day. Jupiter is weak at the moment and Saturn is slowing down its speed for us, because within 15 days will start transiting direct for us. I feel this may slow down todays pace of the market. Positive mood is also possible with the possibility of some consolidation.

I will look forwards for the stocks of exchange like MCX, or of brokerage house, IT, communication, media, travels and tours with Hotel, transport inclusive of Railways and shipping related. Networking related segments may also give some good movements.

Companies involved in defence like BEL/Punj alloyed or others may also show some moves. It will be better to be careful in this segment.

Textiles, Insurance, Petroleum marketing segment may be in better position. I will be bit watchful for Infrastructure, Vehicle etc. related segment. Silk and skills/knowledge related field is also good.

Banks etc. may have some issues or may be bit weak.

Indian Currency

Indian Rupee may trade in between 63.00 to 63.95 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.