Daily Forecast – Share Market – January 8th, 2016

Market may not be comfortable due to Planetary movements or can be deceptive

Jupiter has started transiting retrograde and Mercury is already transiting retrograde. Jupiter is at its minimum speed, so at present I will not suggest to consider any direction from Gold or Petroleum, it will be better to trade for the day.

Power, infrastructure, pharmaceuticals etc. with engineering can be better. Jewellery may show some deceptive moves. Braveries with sugar and eatable can be better.

Pressure from foreign nations / market may be important. This foreign impact is not good for the local industrial segments, so it will be watchful that in coming days government has to take some measures on import segment.

Defence etc. can be better in coming days.

Market may show some pressure, and now range bound is from 7500 nifty points. Planetary position is not so strong due to geo-political conditions.

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.