Nifty Prediction : Opening may be under pressure | Recovery from lower levels

Daily Forecast – Share Market – January 12th, 2016

Opening may be under pressure | Recovery from lower levels

Sun, Mercury, Mars and Jupiter are controlling the day, I feel market may show some recovery from the lower levels. Mars is indicating that foreign issues may also support this market session. Conjunction of Rahu and Jupiter retrograde is indicating that it may not be a period for Crude oil, so it may show pressure as it is indicating. Which may influence equity market. It will be better to be watchful.

I feel still China and other geo-political issues are important for global market, trade with strict stop-loss will help in case of volatility.

Communication, Vehicles, infrastructure and related segments may be doing better. I will look for the FMCG, Power, food related segments, agriculture produces may be better. Sugar can also be showing movements. electrical and electronics may also show some moves.

For long investments – I feel it will not be decent period.

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.

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