Daily Forecast – Share Market – November 19^th, 2013

Nifty may open in Negative Zone | Profit Booking is Expected |Positive trend

6 planets are connected with Jupiter and Venus, indicating that some profit booking is possible, because they are in the axis of providing gains, but Jupiter is retrograde, so after some movement will try to go back to its previous position and Venus will help to restrict this – indicating some profit booking is expected hence, Nifty may open in Negative zone. Nifty may move further but negative zone is ahead after some time. It’s time to be watchful and take care while going for long trading with strict stop-loss will be better.

Since there is exchange of Mars and Sun, hence market related to infrastructure, power, metals and minerals with land related may remain positive although profit booking is also expected.

I will take guards for Banking and financial institutions. Insurance segment may be better. IT, communication will be better, but be prepared for profit bookings if any.

Pharmaceuticals, Engineering, agriculture will be better.

Indian Currency

Indian Rupee may trade in between 62.0 to 63.50 per USD.