Daily Forecast – Share Market – November 20^th, 2013

Nifty may open in Negative zone | Trend may remain Positive | Profit Bookings Possible

Mercury is moving in its fifth house from the house of finance and second from the hose of share market, Moon is conjunct with Jupiter retrograde and forming good yog and giving and exchanging aspect on the house of gains from speculation and Venus. I feel that in spite of low opening, trading may be in positive zone, but can be cautious because upper level of Nifty is close. Consolidation or corrections cannot be ruled out but may take some time.

Combination of Jupiter retrograde and Moon may give some changes in petroleum prices may be some advantage to common man, but will be temporary.

Moon is transiting from the Nakshtra of Mars; hence I feel industries related to Vehicles such as Automobile tyres & Batteries etc. may remain in positive zone, infrastructure and its alliances will also remain positive.

Banks and financial institutions may trade with some positive trend.

Profit booking is also possible in any industry at this level.

Government is trying to indicate that Indian Rupee is getting stronger, but will remain in and around same profile for short while.

Indian Currency

Indian Rupee may trade in between 61.75 to 63.25 per USD