Daily Forecast – Share Market – August 31st, 2015

Market is showing early Pressure | Volatility Expected |Small Caps, Mid Caps better

Jupiter is in one navmansha distance of Sun and will be coming out of that in later part of the day, this may show some negativity at least during the opening or initial trading of the day. Mercury is getting strength, indicating that banks and share market will gain strength slowly and gradually.

As mentioned earlier that cabinet may be on back-foot, which is confirmed by Prime minister that government is not forwarding Ordinance related to Land reforms, only related to Farmers, this will be moved ahead. This position will continue till 05-09-2015. So, sentiments of public and business circle will be influenced accordingly.

I believe that during this coming period banks and financial institutions with Agriculture and related products, Electrical equipment, education and skill based education can be doing better with infrastructure, power, Vehicles and related segments inclusive of automobile tyres etc.

Petroleum based products will be better. Communication, Hotel, tourism and travels with IT with Engineering, Textiles can be doing better.

FMCG products and agriculture produces can be doing better.

Indian Currency

Indian Rupee may trade in between 65.80 to 66.60 per USD.

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