Daily Forecast – Share Market – January 6th, 2016

Market may open with Positive note | May show deceptive moves

Mercury has started transiting retrograde but Sun and Jupiter are transiting strongly, so market may again show some dull moves but may show some recovery. I feel market will be showing tricky moves.

Mars is indicating that impact of foreign trades will also be important. Petroleum will be influenced with Geo-political reasons, so may show some pressure. Petroleum marketing segments may be doing better, small and middle caps may be better.

Keep a close watch on tele-communication. Judiciary decision may be important for the trading purpose.

Nifty may show reversal moves or may give some chance to sell at higher values. It will be better to trade very smartly because Rahu can give deceptive moves too and Mercury has started transiting retrograde.

Electricals and electronics may show some pressure, but engineering and infrastructure can be better. It will be wise to be careful in metals and vehicles etc.

Indian Currency

Indian Rupee may trade in between 66.20 to 67.00 per USD.

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