Daily Forecast – Share Market – April 8th, 2016

Opening is close to flat | Trading volume may be poor

Ketu, Saturn retrograde and Mercury is leading the day with Venus, Sun and Jupiter retrograde. Market is again looking under pressure. I feel that range bound level (lower side) may breach 7550 level of nifty. Yesterday market had less number of transactions and the same is expected on date.

Ketu in lead can give sudden changes or can show some false indications. Banks may not be supporting during the day, so impact will be visible on the market.

Insurance, petroleum, engineering, electronic products or their trading related segments may be doing better. Silk, irrigation can be better during the day. It will be better to look for local cues. Better to be watchful, only aggressive traders can do trades and giants like brokers will be managing the show.

Indications are not comfortable due to Ketu.

Indian Currency

Indian Rupee may trade in between 66.20 to 67.00 per USD.

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