Daily Forecast – Share Market – December 9th, 2015

Pressure on the Market is possible

Sun and Saturn are leading the day, opposition is not allowing to work in the parliament, I mean Saturn is in the shadow of Sun, so I do not better results for the day, impact of foreign and local political situation etc. will not allow to give positive trend to the market for a while. I thought it will be a range bound of 7700-7950 Nifty point but market may revise lower line – may be 7600-7900 Nifty points.

Look for good equities based on values only, and sort out other stocks. Electrical equipment, food industries (frozen or packed food) can be doing better.

I feel pressure can be on many segments. Petroleum marketing companies may be doing better, oil exploration may not be better. Insurance or finance companies may be better.

Crude may feel pressure.

Indian Currency

Indian Rupee may trade in between 66.20 to 66.90 per USD.

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