Daily Forecast – Share Market – August 10th, 2016

Planetary Position is changing | Trade carefully | Pressure can be seen

Venus, Saturn and Rahu are leading the day with support of Ketu, Mercury and Sun. Saturn is slowing down its speed, whereas Jupiter is in the last degrees for this current sign and is looking to change its sign and house. Indications are that since major planetary position is changing or planetary activities are on, so it will not be wise to take long term stand. It will be better to be on the safe side.

Since Jupiter is slowing down so, movement in the market may also be slow and may be looking for range bound trade. Nifty may go down by 1%.

Movements in many segments can be seen. It will be better to be careful while going for trading, reason is involvement of Rahu and Ketu, both are known for deceptive nature.

It will be interesting to watch crude in coming days, which may influence Petro-products.

Chemicals, rubber, silk, breweries etc. with fertilizer and agriculture related segments may be better. Vehicle alliance, Pharmaceuticals with Auto-batteries etc. may be better.

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.