Daily Forecast – Share Market – April 27th, 2016

Buy on dip and sale on rise will be better

Ketu is leading with support of Sun, other supporting planets are Saturn, Mercury, Venus and Jupiter. I feel that market is still deceptive, may open with positive note, but may again show reversal moves due to three important planets which are transiting retrograde. As yesterday open with negative but trend was reversed after some time. Similarly market may show some changes and sudden changes can be seen during the day.

Crude, insurance, petroleum related segment, readymade garments, Textiles, mid-caps and small caps may better during the day. Fertilizer, irrigation, agriculture and coffee related may be doing better.

Keep a close watch on Judiciary related decisions, which may influence market.

Market is confirming range bound status may be in between 8025 Nifty point level to 7800 Nifty point level.

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.