Daily Forecast – Share Market – February 5th, 2016

Market may show some positive moves

Jupiter, Sun, Venus, Moon, Mercury with Ketu are leading the day. Indications are that market will move up from the previous level, since Jupiter is retrograde so, ups and down are also possible. This may give an opportunity to look for good equities from lower levels.

China’s anterdasha of Saturn is close to be over, which may give some sort of less pressure in global market in coming days even on day pressure from China may not be seen.

Market may be in range bound from 7350 nifty point to 7525 nifty points indicating that lower levels are changing.

Period for further dip may come in coming days, so it will be better to have very short term policy. Long term trading is not advised.

On 08-02-2016 we may see better chances for IT, communication (VAS), Transport (Railways, sea etc.) with media, travels and tourism etc.

Impact of foreign lands is clear on India because of Mars. Silk, textiles, Petro-based products, infrastructure, power, leaf based products like tea, metals, vehicles allied segments can be better.

Indian Currency

Indian Rupee may trade in between 67.30 to 67.90 per USD.

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