Daily Forecast – Share Market – December 10^th, 2013

Once again Nifty may open in Positive Zone

Three planets are transiting through the nakshtra of Jupiter, out which one is Moon, indicating that positivity in the trade while opening is because of the emotions and mood of the traders and market. Indications are the trend for positive opening may continue today again.

I think, positive trend in banking, financial institutions, insurance and petroleum & gas may continue for the day, but I will like to trade with strict stop-loss. Infrastructure, power, minerals and metals may also give some movement. Vehicles related industries like automobile tyre, batteries etc. may trade better.

It’s not like that there is improvement in national debt position, but this is due to emotional reason this market is performing strongly. So, while going for long position, please work-out.

Pharmaceuticals, engineering and Hospitals may also show some positivity, but take care while going for long positions.

I will prefer to book profits if required.

Indian Currency

Indian Rupee may trade in between 60.50 to 62.25 per USD.

** Before investing or trading please check technical aspect also, it’s a reading based on planetary movements.