Daily Forecast – Share Market – November 12^th, 2013

Positive but may be close to Flat opening | For Daring steps be watchful

Saturn is still combust but improving slowly and gradually, Mercury is also getting some momentum; I feel market may open in positive zone probably close to flat. Financial results of banks and other Industries may give some trouble to the market or for those industries market may show profit bookings.

I will like to be watchful for Banking and financial sector. Engineering Industries may be better than agriculture, Pharmaceuticals but food Industry will be again in better trend. Agriculture produces may go further high.

National debt position is not comfortable and any time may affect this share market. This is not a comfortable prices according to the Industrial growth, so for new traders be watchful.

Petroleum, shipping and Gems may further perform better, Metal, Vehicles and related segments like automobile tyres or batteries etc. may also perform better, but infrastructure may see some profit booking along with Power.

Indian Rupee

Due to inflation and national debt position or economic condition, Indian Rupee may trade in between 62.75 to 63.75.