Daily Forecast – Share Market – January 13th, 2014

Positive opening expected

Share market house lord Mercury of the natal chart of India has come out of shadow of Sun, and within a day or two may start giving results according to its own market. Still I believe that market may open with positive trend, volume may not be so strong but may be better than the last week.

I will prefer to have some petroleum industries, because possibility of movement in petroleum Industry because some movement in prices within next 80 Hrs. (IST). We may see some movement in Indian currency and that may give some impact on the share and commodity market. I will like to trade with strict stop-loss in either directions.

I will prefer to be watchful in infrastructure, mines, coal, batteries etc. Banks may show some movement, but selective. Midcaps may show some profit bookings. Pharmaceuticals, agriculture, irrigation, engineering, petroleum and gems, jewellery related industry may show some good movement. Pharmaceuticals and IT may also give some movement. I will prefer to be watchful for IT, aviation, transport and hotel & tourism industry, because they may give some positive trend but may also show some profit bookings.

Indian Currency

Indian Rupee may trade in between 61.65 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.