Daily Forecast – Share Market – August 17th, 2015

Market may see some changes after Noon

Saturn & Mercury are leading the day with the strong support from Ketu and then Sun with Venus. Sun will be moving into own house and sign after 12:25 Hrs (IST). Jupiter is combust and heading for total combust position.

I feel that crude oil may be bit low with sea/shipping related segment. This may give some advantage to the petroleum marketing company. I am also feeling that movement in Insurance segment can be seen. Treasure of the government may also feel some pressure for few more days.

Government may plan to do some different or play some stroke on back-foot, that means at one stage we may feel that government is on back-foot but may plan to use this back-foot for passing some bill or policy purpose, so in future I am hopeful.

Vehicles, infrastructure and allied segments may show some positive movements after 12:25 Hrs (IST) for a month or so. Engineering, Textiles, Readymade garments, silk, Paper, Pharmaceuticals, Health care issues may be doing better in coming days. It will be better to look forward for Automobile tyres, automobile batteries and automobile alignment etc. Electrical products and Power may also be in better position in coming days.

Gold and Silver may see some selling. Red Chilli, Metals etc. may be doing some better.

Indian Currency

Indian Rupee may trade in between 64.40 to 65.30 per USD.

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