Daily Forecast – Share Market – August 31st, 2016

Market may see some Pressure | 20/21-09-2016 we may see close to 8744 level

Sun, Ketu are leading the day with support of Rahu (combust), Saturn, Mercury (retrograde and defeated in planetary war with Jupiter) and Venus. Indications are that Mercury may force market to show some reversal moves from the level which is achieved yesterday at the time of closing and will try to come close to 8744 nifty point level on 20/21-08-2016.

Solar eclipse in other part of world will be observed tomorrow and impact can be seen on the share market after this event.

Yesterday, market has crossed 8700 Nifty point level after a lot of struggle, but I feel that today, volatility is expected. Profit bookings expected or pressure will not be surprising me.

Chemicals, infrastructure, power, Vehicles and its supporting companies inclusive of automobile tyres, batteries, Bio-technical based or pesticides etc. may be doing better. Keep a close watch on paper, defence related segment in coming days. Fertilizer and related field may be bit comfortable.

Volatility is expected.

Indian Currency

Indian Rupee may trade in between 66.80 to 67.50 per USD.

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