Daily Forecast – Share Market – August 24th, 2015

Sudden gains & Treasury is weak | Market in negative Mood due to impact of foreign issues

Market may show some lower values, but this may give a chance to pick good equities at lower levels and the averagethem. Mercury is transiting in its own house and Jupiter is still heading for total combustion position. Saturn and Mars are indicating that situation of global issues will influence our market, because Venus – ascendant lord of India’s horoscope and cabinet is still retrograde and a falling planet.

I will look this period to pick good stocks for IT, banks and financial institutions, power, vehicles, allied industries like automobile tyres or companies based on petroleum products.

Crude is not comfortable with currency, Jewellery etc. may see some movements. This crude may face issues for next two-three days.

India’s Mahadasha of Moon will be starting from 15-09-2015, so period for IT, communication, travels and tourism will be starting with media and some other areas. So, it will be better to look forward in related segments. Logistics and e-business etc. may be doing better.

Indian Currency

Indian Rupee may trade in between 65.90 to 66.90per USD.

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