Daily Forecast – Share Market – June 16th, 2016

Market seems Positive | Better to look for opportunity at lower levels

Venus, Jupiter and Mars are leading the day with support of Rahu, Mercury and Moon. Venus is in the shadow of Sun, indicating that government may be under pressure, but this may not influence other positive aspects of the business etc. Mars is falling, hence I do not expect any support from foreign trades and issues, aligns may also be bit watchful.

I believe trend may be positive for the local market due to planetary movements. Defence will also be getting some gains from foreign markets in coming days may be after first week of July 2016. Banks and related segments may be doing better with.

Majority of the segments may be in movements and may do better. Such movements may give an indication for 2-3% rise in market in coming days. This may be due to some announcement or some other issues.

I feel day may be positive, alcohol, Textiles, Poly based products, Petro based products may be better.  Opening may be bit low and dull. I feel market is positive.

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.