Daily Forecast – Share Market – August 8th, 2016

Nifty may look for 8775 level | Jupiter will be changing position on 12th

Venus and Saturn are well supported by Mercury, Mars, Ketu, Rahu and Sun. Indications are that market may have movements in many segments. Possibly Mid-caps and small caps may have good movements.

Trend is positive and may like to look forward for 8775 Nifty point level in coming days. Global cues as well local cues will be important for the market.

Jupiter has moved to the last degrees and at the time of closing Jupiter will be changing its position – house and sign. That will be indicating interesting position for the petroleum segment. I will like to be watchful for crude etc. Jupiter will be giving strength to the house of bills, gains and providing strength to the government, so I believe that in coming year government will be in a position to clear bills with convenience. Which may support growth.

I will like to look forward for the day.

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.