Daily Forecast – Share Market – August 3rd, 2015

Positive movement expected | Keep a close watch on Government’s move

Saturn has started transiting direct, I agree that speed is slow, but will improve in coming days, day is also controlled by Saturn with the support of Jupiter, Ketu and then Mercury and Sun. Sun is transiting in twelfth house of its own house, so I feel that market may be bit lazy for Vehicle, infrastructure, Paints and related segments or I can say may not be as good as it should have been – may trade positive too but impact may not be as good as desired.

Saturn has started transiting direct and is indicating some positive movement for the market. Impact of parliament and its negative impact will not allow market to flourish. Leader of the government may have to be on some reversal moves or back-foot or some indications can be seen during the next 4-5 days.

I will look forward for the agriculture, fertilizer, pesticides, and eatable products. Market may show some rise in agriculture produces. Petroleum, Jewellery, shipping, transport, IT, communication, media and related segments with Travels and tours may be doing better. Banks private sector may be doing better. Power and energy may also be doing better (especially wind and solar).

It’s a time to trade with good equities, so that fluctuation in the market may not hurt small traders. Edible oils and related field may also be seen with positive moves.

Indian Currency

Indian Rupee may trade in between 63.60 to 64.25 per USD.

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