Daily Forecast – Share Market – July 23rd, 2015

Automobile and Related segments with Engineering may be better

Mercury is within one degree distance of Sun and during the day this will be not in a position to give direction. Saturn will be leading day with support of Ketu, + Moon, Mars and Jupiter.

Indications are that Petroleum based automobile products like automobile tyres, automobile and related products manufacturing companies. Oil and Gas may also be active (small and mid-caps), Treasury and government related issues may give some support to the market.

I will prefer to look for engineering, pharmaceuticals, silk, and infrastructure finance related companies; Power and energy may also be active. Export and foreign related companies will also be doing better.

Textiles, Silk, Products which are based on micro biology or soft-ware etc. can be doing better.

It’s a time to be watchful, while trading on either side.

Indian Currency

Indian Rupee may trade in between 63.30 to 64.0 per USD.

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