Nifty Prediction : Global cues are important | Market may see further low | Volatility expected

Daily Forecast – Share Market – February 10th, 2016

Global cues are important | Market may see further low | Volatility expected

Sun, Jupiter retrograde are leading the day with Rahu, Mars and Mercury. Lord of share market is afflicted by the lord of foreign issues. At the same time this lord of foreign issues is also effecting lagna of India’s horoscope. Indications are that foreign market may influence heavily our local share market.

I feel engineering, automobile tyres, products based on petroleum products can be better in coming days. Defence related segment will also be improving in coming days.

I feel that IT, communications, media, travels and tours may feel some pressure. Alcohol, foods based products, sugar and rice can be doing better. Market may also see volatility. Keep a close watch on FMCG segments.

Nifty may further look for lower levels.

Gold may be doing better.

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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