Daily Forecast – Share Market – October 12th, 2015

Market is looking for upward moves | Local issues will be important

Mercury has started transiting direct in its exalted sign till 31-10-2015, indicating that Mercury lord of share market, banks and financial institutions will be supporting this local market or I can say that local issues will be important for local share market.

Banks, financial institutions, IT, communication, VAS, media, Petroleum, Jewellery, Pharmaceuticals etc. may be doing better, only point to consider is weather related impact on coming agriculture produces which may give impact on consumer price index.

It will be better to look for new ideas like companies – such as designing related, green power or non-traditional power sector, Vehicles, Vehicle allied companies like battery, automobile tyres, and automobile parts manufacturing companies may be in better mood.

Companies involved in logistics, transportation, electrical appliances with electronics and FMCG may be doing comfortably.

Overall market may give decent moves.

Indian Currency

Indian Rupee may trade in between 64.50 to 65.20 per USD.

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