Daily Forecast – Share Market – June 15th, 2016

Impact of foreign market can be seen | Range bound trading

Mars with Venus and Jupiter are leading the day, whereas enjoying support from Mercury and Sun. Indications are that influence from falling foreign market may be seen, since Mars is a falling planet so, market has to rely on local issues. Government’s/agencies/Judiciary announcement will be important for the day and coming days.

Market may be negatively influenced in spite of positive indications from local traders. Banks may get support from Government.

Metal, Vehicles, automobile, infrastructure may be doing bit better with sea related segments. I feel that transport, media, communication and IT may show some pressure, which may spoil sentiment of the market. Banks etc. may be doing better.

Petroleum and Gas marketing companies may be bit better with sea-shore/shipping etc. Insurance may also be bit better.

Market sentiment may be positive but impact from foreign markets may pressurise local market and form a new range for nifty 8000 to 8200 point levels

Indian Currency

Indian Rupee may trade in between 66.70 to 67.60 per USD.

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