Daily Forecast – Share Market – August 13th, 2015

Market is looking to go up but Local issues are pulling back

Saturn is leading the day, lord of Judiciary, Justice, Parliament, cabinet etc. so I feel that day and market will be based on Parliament’s action for the coming days. Ketu is supporting the day, I feel since Venus will fall in the previous house/sign, so government has to plan something for the next few days. How to control situation and give momentum to the desired bills etc.? Venus lord of cabinet is in the shadow of lord of opposition that is harming desired approval of bills. Still I am doubtful whether government will be able to clear bills or take control of Parliament related issues.

Local issues are not supporting this market. Treasury lord is also in the shadow of lord of opposition. So, impact can be seen in finance related issues in the nation.

Engineering, agriculture, sugar, fertilizer, foreign related trades, IT, communication, hotel and tourism, travels, logistics, textiles, Paper, silk and defence related segment may be doing better. Drugs, chemicals, Pharmaceuticals will also be doing better. Power, Vehicles and related segment will be doing better in coming days.

Petroleum marketing, jewellery may be bit silent.

Indian Rupee is still weak, Venus and Jupiter are not supporting. So, Rupee may see further losing its base/position.

Impact of government data may support this market but weakness in sentiment is not over due to strongly negated period by Opposition or we can say by Parliament related issues.

Indian Currency

Indian Rupee may trade in between 64.20 to 65.00 per USD.

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