Daily Forecast – Share Market – December 11^th, 2013

Profit Booking is Expected

Ascendant lord Venus is transiting through the Nakshtra of Sun along with Mars is also transiting through Sun; Mars has exchanged its position related to foreign trade and impact from foreign trade. I believe the emotional trend of the share market is over and Indian market has no pointers except non-governance or poor national debt and loan position. This situation indicates that Profit booking is again possible. I will prefer to take opportunity to book profits as and when required.

Two planets are indicating that Sugar related Industries may give some movements. Petroleum related house is afflicted by transiting Saturn, so Petroleum Industries may also see some profit bookings. Price hike inn petroleum products will be slow and gradual in coming days.

Indication for Infrastructure and Power segment is not bad, but after run up, profit booking is possible.

Automobile Industries may do some better performance, along with IT or media etc.

Indian Currency

Indian Rupee may trade in between 60.60 to 62.0 per USD.