Daily Forecast – Share Market – January 9th, 2014

Possibility of some Profit bookings

Mercury, lord of share market house has moved to the fifth house from its own house and lord of finance and banks has moved to the eighth house from its own house, indicating that Share market trend may have some profit bookings, and we may see some profit bookings in Private sector banks and financial institutions. Few PSU banks may also show some profit bookings.

I will like to be safe on Midcaps equities, after such run up and retrograde Venus as falling planet is indicating that we may see some profit booking in midcaps also.

Moon is indicating that foreign market may give some trend to the share market, IT, transport small caps and midcaps in infrastructure, may give some better performance, where as some pharmaceuticals, Hospital related industries may show profit bookings.

Metals, Vehicle and Mines related industries may show some profit bookings.

Combination of Mars with Venus is indicating that Jewellery, or Gems related industries may give better performance.

I will prefer to be watchful for the day.

Indian Currency

Indian Rupee may trade in between 61.75 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.