Daily Forecast – Share Market – January 16th, 2017

Opening may be under Pressure | Consolidation expected for new base

Rahu and Ketu are in lead with support of Jupiter, Mars, Mercury, Venus and Sun. Possibility of some confusion during the day, but impact related to budget (upcoming) can be seen in coming days.

I feel that market is looking for consolidation and then may take one move and try to march for 8500 of Nifty levels in coming days.

Banks are comfortable, with many segments may show movements. As always, I feel an alert due to the impact of Rahu and Ketu – that means at any time these two Jodidars (Rahu and Ketu) can give new turn to the market.

Electrical goods, with engineering, leather, leaf based products, spirit, alcohol, cotton and silk etc. with FMCG and many segments may show movements.

Market may show some down trend today.

Indian Currency

Indian Rupee may trade in between 67.60 to 68.40 per USD.

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