Daily Forecast – Share Market – August 16th, 2017

Nifty may look for 9840 to 9760 levels | Pick quality equities | Lazy beginning

Mercury and Mars are leading the day with support of Venus, Ketu, Moon and Jupiter. Sun is ready to change its house and sign, which may give impact on the movements of various segments from the coming period. I believe that market may further show upward movements and may look for 9840 levels.

Banks and financial institutions may be playing decent role to influence this share market. It will be interesting to look for the coming developments in political issues from 21/22 August of 2017. Geo political issues in coming period may also affect business circle.

We may see movements in Leaf based products, dairy based segments or related segments, communication and its instruments, media, publications, IT, logistics, aviation and transport etc. may show positive moves. Electrical, defence and import-export may have some impact in coming days.

It will be better to trade on the quality of product basis.

Indian Currency

Indian Rupee may trade in between 63.90 to 64.50 per USD.

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