Daily Forecast – Share Market – January 2^nd, 2014

Buying in Mid caps/small caps | Index may be dull

Mercury has crossed its total combustion period and is trying to come out of the shadow of Sun, so may start giving direction within a day or two (Monday). Since Mercury is still combust but is coming out of the shadow, so market may see some dull movements, but positive for the directions. Index may show some dull movement but buying may be seen in some mid caps or small caps etc.

I will prefer to go for infrastructure, vehicle ancillary units, and selected Vehicle related companies. Metal and mines may be better, along with petroleum Industries. Gems and related industries may also perform some better.

Agriculture Industry with sugar, pharmaceuticals, hospital related, and few FMCG companies may also give better results, I will prefer such FMCG company which is also involved in pharmaceuticals or related field.

Foreign related trade may impact on our trading because our lord of share market is still under shadow of Sun, so some decision of government or ministry may affect this market on date or tomorrow.

Indian Currency

Indian Rupee may trade in between 61.40 to 62.50 per USD.

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