Daily Forecast – Share Market – January 29th, 2016

Nifty may show some pressure | Preparing for the coming month

Sun and Moon are leading the day with support of Rahu, Ketu, Mercury and Venus are in support.

From next working day volatility may be reduced, but on date volatility will be seen. Market is not showing any confidence. Mercury is heading ahead to come out of fallen stage but is showing some strength.

Mars is clearly showing strength to the impact of foreign issues. This Mars is also afflicting government.

Moon and Sun are indicating some movements in communication, media, infrastructure, VAS etc. Mobile instruments related segment or electronics and electrical will be better. Hotel, Travels and tours may be better. Look for leaf related companies like Tea etc.

Transport related (railways related companies) can be better in coming days.

Keep a close watch on China’s market – this will be key for the week. Petroleum related segment will be important for the day.

Indian Currency

Indian Rupee may trade in between 67.60 to 68.40 per USD.

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