Daily Forecast – Share Market – February 6th, 2017

Nifty looking for 8800 | Better to buy on Dip | Crude may show interesting moves

Jupiter is slowing down its speed, because is going to be retrograde and Ketu is leading the week with Saturn and Mars. Mercury has changed its house and position. Day is well supported by Moon, Sun and Rahu.

During the week it will be better to look for buy on dip.

Overall movements may be seen during the week, but I am hopeful that market may be bit in the low tone. Even then Market may trade in between 8825 (Nifty) on the upper side and on the lower side may be in the range of 8650 (Nifty).

Market is indicating that fertilizer, power, engineering, electrical and electronics etc. may be doing better with leather, defence, travels and tourism, Communication and e-commerce will be doing better.

Leaf, textiles, cotton, silk and infrastructure, spirit and alcohol etc. may be doing better.

Indian Currency

Indian Rupee may trade in between 66.80 to 67.60 per USD.

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