Daily Forecast – Share Market – December 4^th, 2013

Banks and Nifty may trade in Negative zone

Focus from banking and finance according to the transit of planets is shifted, I believe Profit booking is possible in banking sector along with financial institutions. Venus is also out of radar, hence negative opening is possible. Ketu is indicating that impact of foreign trend will be valuable.

Two planets are transiting through the nakshtra of Jupiter, indicating that Petroleum and Gas can be better for trading purpose.

I believe Negative opening and again Profit booking may continue.

Metal, steel etc. can be comfortable along with Infrastructure and power. We can see some movement in Pharmaceuticals and Hospital etc. Education related can also give some better performance, because exchange of Mars and Mercury can play some important role.

Trade with strict stop-loss is my suggestion. Negative trend may continue.

Indian Currency

Indian Rupee may trade in between 62.0 to 63.25 per USD