Daily Forecast – Share Market – December 16^th, 2013

Negative | lazy opening and trading is expected

House of gains from share market is occupied by Sun, just moved in, so I do not think that market may move so fast in either of the directions. Since, authorities are controlled by foreign issues or trend, I feel this market may open with laziness and may be in negative zone.

I feel that not much movement is expected in the market or may trade with slow movements, so intraday traders may not be enjoying todays’ transactions.

Mars and Mercury are exchanging their houses so, impact from foreign related trade and indications are very important.

It’s a time to trade with strict stop-loss, I feel some agriculture, pharmacy-eatable products industries may do better.

I will like to book profits in infrastructure, power, metal and minerals etc., also of automobile related ancillary industries etc.

Banks, financial institutions may be slow moving, but trade watchfully.

IT, communication, media or transport related industries may do better, along with engineering etc.

Indian Currency

Indian Rupee may trade in between 61.75 to 62.90 per USD.

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