Daily Forecast – Share Market – October 8th, 2015

Market Mood is positive | Consolidation expected | Mid-caps and small caps are better

Sun, Venus and Saturn are leading the day with the support of Moon, Ketu and Mercury (moving ahead with the slow speed), trend of the market or better to say mood of the market is positive, but may show some consolidation or low trades etc.

Infrastructure, power, vehicle and its allied segments, automobile tyres, drugs, bio-chemical, Retail, FMCG can be good with IT, communication, logistics, VAS etc.

Engineering, shipping, off-shore, petroleum exploration, crude oil will be improving its position. It will be better to keep a close watch on hotel, tourism and travel industry.

As mentioned earlier that Venus will be gaining strength, and may show that government may give some indication that some concrete decision may be seen in coming days. Government may show some strength too, which may be giving strength to the market.

Pharmaceuticals, Life-science, Research related field will also be doing better with insurance.

Mid-caps and small caps will be better.

Indian Currency

Indian Rupee may trade in between 64.50 to 65.40 per USD.

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