Daily Forecast – Share Market – August 12th, 2015

Pressure is possible | Look for good stocks at lower rates

Ketu and Saturn are leading the day with the support of Sun, Jupiter and Mercury. I believe that day may be influenced with some hidden conspiracy related to bills etc. which may influence trading. Debilitated Mars is indicating that foreign related trades, import-export and defence related issues will also be playing key role during the day or for certain companies.

Second half may show some movements in IT, media, communication, logistics, travels and tourism etc. Textiles, ready-made garments, silk, Textiles, Agriculture and related fields like irrigation etc., pesticides, chemicals and drugs can be better in comparison to other segments.

Petroleum marketing companies may also show some movements. Exploration related companies may have to see for profit bookings.

Market will be influenced with change of some foreign related issues – which is going to influence global market. India will also be influenced and out cabinet ministry lord is retrograde and will be falling in the previous house, so I do not expect much from the government side, secondly some hidden conspiracy will also influence market movement (this is for the day). Second half of the session may show some changes.

I will focus on engineering related (includes galvanizing and related field). Electronics and electrical can be doing some better.

Indian Currency

Indian Rupee may trade in between 63.60 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.