Daily Forecast – Share Market – October 30th, 2015

If going for buying at lower levels – be watchful | Don’t ignore global cues | Opening may be low

Pressure on the market is possible due to global cues and due to local scenario of the planetary positions, because now planets are ready to change their signs and houses within one week. Mercury has changed its house and exalted sign, and foreign cues were strong to keep momentum down.

I feel China’s impact + crude oil + USA’s impact may give some great blow to the market, if this will happen in next 4-5 months then at least I will not be surprised, this may be before 16-02-2016, due to China’s Mahadasha and anterdasha + pratyanterdasha, impact on global scenario may be harsh or tough.

Today’s situation may be under pressure due to global cues – Mars and Saturn are exchanging their aspect. Disturbance in local political alliance may be seen before 08-11-2015 or around such period, which may also give impact on the local market.

Research, insurance, electronics may give some movements but it will be better to be watchful if you are going for long term.

Small caps for banks may show some movements, but few leading banks may show some pressure due to their competitiveness (performance etc.), recovery of loans or due to loan related issues etc.

Pharmaceuticals may be doing better, but few companies may show down ward moves so, it will be better to say that this segment will show movements (ups and downs).

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.