Daily Forecast – Share Market – January 8th, 2014

Nifty may open in Positive zone

According to the natal chart of India, lord of the house of share market Mercury is coming out of shadow of Sun, and exchanging aspect with Jupiter retrograde, so can give some positive moves in the share market, but still may not show so high positive trend.

Ascendant lord Venus is also a falling planet, so cannot give any support to the market, government may take few decisions to cover up national debts, within this month, so that move may give some buying in PSU sectors.

I feel some banking and financial institutions may give some better results. Still I will prefer to move with Vehicle, Infrastructure related industries, mines and minerals related Industries, Automobile tyres and Batteries etc.

Communication, media, transport and hotel with tourism may also give some better results. IT may give some gains.

Engineering Industries and Pharmaceuticals will be doing better.

I will prefer to trade with strict stop-loss, because of weak share market – ups and downs may be seen during trading session.

National debt position is not good.

Indian Currency

Indian Rupee may trade in between 62.0 to 62.75 per USD.

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