Daily Forecast – Share Market – October 29th, 2015

Expiry may face some pressure

Market is cautious due to foreign cues and Mercury will be changing its house in the later part of the day. So, whatever support was for share market during the past period will be over. We may see some movements in relation to loan related issues in the coming month. Exchange of aspect among Mars and Saturn are clearly indicating that foreign cues will be important for local trades.

I feel during the day movement in the market may be seen.

Petroleum based companies except exploration will be doing better, because of pressure in crude. Previously we have seen pressure on crude due to Russia, now it may be due/for to China.

Segments for Power, Vehicles (two wheeler and selective four wheelers and giant vehicles), infrastructure, ceramic etc. with cement may be doing better.

We may see pressure on Pharmaceuticals and fertilizer etc.

Expiry may be under pressure of foreign cues.

Indian Currency

Indian Rupee may trade in between 64.70 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.