Nifty Prediction : Market may show down ward moves | Book profit as and when required

Daily Forecast – Share Market – February 9th, 2016

Market may show down ward moves | Book profit as and when required

Mars lord of foreign lands is strong, indicating that market may be influenced with foreign lands, Sun and retrograde Jupiter are also trying to help market, but Mars is influencing Mercury and lagna of India’s horoscope. So, chances are that market may be not so good. It seems that market may touch further lower levels and my earlier observations may be correct that market may form lower base for range bound trades.

It will be better to book profits as and when required. Transport, Vehicles, IT, Banks, metals and Vehicles etc. may not be doing well. Automobile tyres may be better.

Pharmaceuticals and health, hospital related segment may be doing better.

Market is showing some issue with crude too. Petroleum exploration based companies may also be bit weak.

Keep a close watch on foreign trades, which may influence in the second half of the day.

Indian Currency

Indian Rupee may trade in between 67.40 to 68.10 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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