Daily Forecast – Share Market – January 15th, 2016

Market may show some recovery from lower base

Sun is leading the day and has moved for Uttaryanan, supported by falling planet Mercury which is still under influence of Sun that means close to total combust but coming out of this situation. I mean to say that market is not well supported by own strength of the market.

As it was mentioned in my earlier post that recovery from lower levels can be seen

Technical indications may be for upward market movement but I have some reservations due to Jupiter and Mercury. Crude is again not comfortable or better to say that can show deceptive movements due to guru-chandal yog. This is also indicating that moves from foreign trades may also give some sort of deception.

Infrastructure, Sugar, Power and metals like steel may show some movements. Petroleum and its products marketing companies may be doing better with the products based on petroleum may also be doing better (like airways) etc.

It will be better to be watchful for FMCG companies. IT and communication may also be better.

Indian Currency

Indian Rupee may trade in between 66.70 to 67.50 per USD.

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