Daily Forecast – Share Market – December 24th, 2013

Hope for dull opening | Day for Watchful Trading

Mercury is in the shadow of Sun, close to Sun, heading for total Ast (combust) position, distance with Sun is within one Navmansha (2 degrees and 55 mins.) by the end of the day distance will be further minimized, hence can show some negativity by the end of the day or Mercury will not be in a position to give any direction to the market, so indications from various markets will be important to give direction to this Indian share market or some other sources may give directions. But I will like to take safe guards and trade and be ready for some dip or profit booking in the market for the day.

Infrastructure related industries like Cement, automobile segment/ancillary and mines and minerals may show some better movements. I will like to be careful for mines and minerals.

Petroleum and gas can give some better movements. Sugar, Agriculture, Engineering and Pharmaceuticals can also be in better touch. It’s a time for Aviation, Transport and communication, Hotel Industries along with IT to give some nice results.

In any condition, I will prefer to trade with strict stop-loss.

Indian Currency

Indian Rupee may trade in between 61.50 to 62.50 per USD.

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