Daily Forecast – Share Market – January 1st, 2016

Mid-caps and small caps can be better | Opening of the year may be dull

Sun is leading the first day of the year with support of all auspicious planets and Mars with Saturn. Indicating that focus on Housing, infrastructure, Vehicle, metals, automobile tyres and companies involved in defence segment too etc. can be good.

We may see movements in retail segments, with engineering, middle caps in banks, education and movement in petro-consuming products like airlines, transport etc.

Pressure on pharmaceuticals (due to foreign issues), or I can say pharmaceuticals will show mixed bag.

Indian Currency

Indian Rupee may trade in between 66.00 to 66.80 per USD.

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