Daily Forecast – Share Market – August 5th, 2016

Opening may be Positive | Looking for 8600 Nifty

Venus with Saturn is leading the day and well supported by Ketu, Rahu, Mercury and Sun. Indications are that market may be looking for positive moves, but Ketu and Rahu are ready to change the trend at any stage and due to any reason.

Trend may show gap-up opening and may cross 8600 Nifty point level. It will be important for the market to hold 8600 nifty point during the day, otherwise Rahu and Ketu can pull down market by 1%.

It will be a day when you have to keep a close watch on the trading and various news related to Government, Judiciary and other agencies related to the market etc.

Iron and steel, infrastructure, power, vehicles allied and Travels and tourism, media, entertainment, real state may also be doing better.

Keep a close watch on Health care, chances of change in the few companies.

Keep a close watch on insurance, petroleum, chemicals etc. with engineering companies etc.

Indian Currency

Indian Rupee may trade in between 66.40 to 67.20 per USD.

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