Daily Forecast – Share Market – January 3rd, 2014

Nifty may open in Negative Zone

Mercury has started to coming out of shadow of Sun, so after so much run up and dull trading deserving profit booking on 02-01-2014. Impact may be seen at the time of opening. Mercury is transiting through the Nakshtra of retrograde Venus, which is going to fall in a day, so I cannot rely on the movement of this gains and loss from the share market. I will prefer to trade with strict stop-loss. I feel that market may open with negative trend and may remain in negative zone.

I will prefer to go for profit booking in infrastructure, vehicle related industries etc. Mines, minerals and metals may also see some profit booking. Buying can be seen in specific equities.

Engineering, pharmaceuticals and agriculture related Industries may perform better. Aviation, transportation and IT may also give some better moves.

Government announcement may also affect this market (possibility). National debts are also not under control, so be watchful on this trend.

Indian Currency

Indian Rupee may see some more negative moves, because of Venus and may trade in between 62.0 to 63.0 per USD.

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

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