Daily Forecast – Share Market – August 9th, 2018

Market is still showing movements | As and when required book profit

Jupiter, Sun and Mercury are leading the day, with support of Saturn, Ketu and Moon. Mercury has crossed Sun, still in total combustion position, but other planets are playing their role, so market is looking for further highs or moving upward. It is also possible that initial movements may be bit slow, but profit bookings on weak equities or over run equities possible. It will be better to look for strong equities at lower rates.

Petroleum, Vehicles, infrastructure, cement, power, automobile ancillary, batteries, automobile tyres, lubricants, carbon black, chemicals, insurance, sea-related, insurance, research or related segments like laboratories etc. may show action during the day. Engineering, with cotton, paper, silk, ready-made garments, FMCG, communication and entertainment instruments may be doing better.

Banks are still in action, but possibility of profit booking can be seen, which may give opportunity to buy better banks/financial institutions.

Look for Judiciary or political issues/verdict etc., which may influence trade or public directly or indirectly.

Indian Currency

Indian Rupee may trade in between 68.00 to 68.70 per USD.

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