Daily Forecast – Share Market – August – 31st, 2017

Lazy opening possible | Possibly range bound | (+/-) 0.40 % Movement possible

Ketu in lead with Mars but enjoying support from Venus, Saturn and Mercury retrograde, which is slowing down its speed. This Mercury will start transiting direct from September 6^th, before that may show some profit booking in Nifty and market. Or we can say, this may give an opportunity to pick at lower rates. Nifty may show near to flat opening. Ketu may propel for positive mood for trade.

It will be better to keep an eye on Geo-political issues, along with announcements from government or agencies or Judiciary etc.

Shipping, petroleum based, sea related, insurance and research based segments may show movements.

Engineering, agriculture related and produces may show some moves, with communication, logistics and transport + entertainment may be doing better or show movements in either side. Products based on pesticides or germs related may be important for coming days. Possibly chemicals based on germs or to kill germs may be showing movements in coming period.

Synthetic and fibre with banks and automobile tyres may be bit tired and coming days may give movements from lower values.

Indian Currency

Indian Rupee may trade in between 63.70 to 64.30 per USD.

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