Daily Forecast – Share Market – July 28th, 2015

Reversal moves Possible | Small traders – be careful

Four planets are transiting through the nakshatra of Saturn, which is reducing its speed for us, because is heading on the peak of curve till 02-08-2015. This is resulting that this important planet is not supporting and market is showing down trend due to the impact of foreign lands. Saturn is also indicating that Parliament or related issues are not influencing this market positively, rather negative impacts are seen. Ketu is indicating that bills related issues may be moved but will they be cleared for the implementation is a big question. Lord of head of government is also retrograde, and is now started gaining speed but momentum may take some time. I feel on date market may show some more reversal moves (consolidation or profit booking).

Textiles, agriculture, Silk, Jewellery, Food related segment but selected. Small scale and medium scale auto segment or we can say ancillary companies to auto can give better results. Pharmaceuticals can also be doing better with chemicals etc.

It will be better to be watchful for the day, only very active traders can trade during such market.

Keep a close watch on foreign trades and movements influencing share market. This may show sudden changes during the day.

Indian Currency

Indian Rupee may trade in between 63.70 to 64.40 per USD.

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