Daily Forecast – Share Market – January 14th, 2014

Negative Nifty at the time of opening expected | Profit booking expected

Moon is placed with Jupiter retrograde and exchanging aspect with Venus retrograde lord of ascendant of natal chart of India is indicating some great movement in Petroleum products, may be due to some changes by Government etc. but movement is certain in this Industry within Next 70 Hrs. (IST).

I will prefer to keep close watch on IT, Communication, media, Tours and travels with transport and enjoy movements and as and when required will go for a profit booking. IT index may give some movement and then Profit booking is expected.

Infrastructure, metals, power and minerals may show some movement may be in negative side, ancillary units of automobile may show some profit bookings. Mood and emotion of the market may show some profit booking at the time of opening or after some announcement by government, because Sun is ready to change its sign and house, so may give some profit bookings.

Mercury is showing strength of the market, but on date some negative moves are possible because of movement of Sun.

I feel that in spite of some positive day of 13-01-2014, we may see negative opening or Profit bookings.

Indian Currency

Indian Rupee may trade in between 61.0 to 62.25 per USD.

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