Daily Forecast – Share Market – November 26^th, 2013

Nifty may open with Negative Zone | Profit Bookings are Possible

Mars is transiting in its last degrees in the Leo sign, and I feel this will impact house of gains and speculation along with placement of Mars or pre-position is risky. I will consider it to take guards for a Profit bookings and one more reason for this will be due to foreign land related issues.

I feel that Nifty and Sensex may open in Negative zone and may trade with Negative trend or Profit bookings can be seen either at the time of opening or later part of the day.

Financial or financing institutions may gain some strength or trade in positive manner, along with Insurance companies. Petroleum and Gases may also perform better, but be prepared for any profit booking.

Medical instruments related industries may again perform better along with Pharmaceutical industries. IT, Media, communication and Aviation sector – better to be watchful.

It’s not a time to enter for long, or check your positions if you are trading long positions, strict stop-loss are advised.

Indian Rupee

I feel that Rupee may trade in between 62.0 to 63.40 per USD, or Rupee may lose some position, this will be due to reasons related to foreign lands.