Daily Forecast – Share Market – November 6^th, 2013

Opening in Negative Zone or close to flat | Profit Booking

Mercury is conjunct with Combust Saturn, indicating that agriculture related products may go up such as eatables etc. otherwise agriculture related like irrigation etc. may trade in negative zone. National debts may further increase, which may give direction towards negativity in economy, and in long run may affect this share market. USD wise we have not earned much in this market, because value of rupee has declined by around 20%, and increase of equity is not that much.

FII’s may book profit in short course. Be prepared for such selling.

Petroleum related news may affect this market within next 76 Hrs.

Still I feel, banks and financial institutions, Petroleum, Infrastructure and power and related industries like paint, cement or Vehicle etc. may perform better. Pharmaceuticals, Hospital etc. may see some profit bookings.

Indian Rupee

Indian Rupee may move in between 61.25 to 62.25 for 1 USD.