Daily Forecast – Share Market – September 16th, 2016

Market may show some movements | Keep an eye on announcements

Mercury has lost its speed for us, Sun, Venus are leading the day with support of other five planets (including Rahu and combust Jupiter). I feel that due to week Mercury (falling) – impact from the foreign market may be seen on the share market. Many segments are ready to show their movements, so possibility is that market may show some upper side movements. Still I will like to be watchful and buy at lower levels. From 22-09-2016, Mercury will start transiting direct, hence we may see some announcements of policies related to banks, financial institution and educational system or education after 22-09-2016, so we may see impact in these segments in coming days.

It will be better to look for good stocks at lower levels. Or if one can exchange weak or tired stocks with fresh and good stocks.

Engineering, Textiles, paper, fertilizer, agriculture related, electrical equipment, Alcohol, breweries and other companies – reasons are that many segments may show movements – large-caps at lower levels will also be good for the coming days.

Indian Currency

Indian Rupee may trade in between 66.50 to 67.25 per USD.

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