Daily Forecast – Share Market – September 2nd, 2015

Market may be based on foreign clues | Watchful trading will be good

Venus is lord of India’s horoscope and represents house of labour related matter; this Venus is slowing down its speed for us and heading for minimum speed, Jupiter is still combust – this Jupiter represents treasury. Saturn, Ketu and Mercury are leaders for the day whereas Venus, Sun and Moon are supporting. I feel since lack of confidence in delivery or expectation of delivery from government is not so strong, then market has to rely on foreign clues. One of the leading economy China’s lagna is currently influenced by debilitated Mars. This Mars is influencing their house of finance and banks, this influence may continue till middle of September 2015.

I believe again market may feel pressure or lack of confidence even though opening in positive zone. It will be better to trade during this week carefully and watchfully. If market will touch 7700 nifty points during this week I will not be surprised. Next week onwards we may see some improvements, even government may also feel confidence or we may feel some positive support from Cabinet/government.

Mercury has to give result in its own house before 25-10-2015.

Crude etc. may also show some pressure, power or better to say non-traditional power segment will be doing better. Petroleum and gas related segment may be doing some better. Pharmaceuticals, engineering and silk with textiles will be decent.

Indian Currency

Indian Rupee may trade in between 66.00 to 66.80 per USD.

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