Daily Forecast – Share Market – January 24th, 2014

Impact from foreign trade Important | Profit Booking | consolidation expected

Four planets are connected with Rahu/Ketu, indicating influence from foreign trade will be very important, along with pharmaceuticals, hospital, or related instruments manufacturing industries may be doing better in this consolidation/profit booking market.

Mid-caps and small caps may be doing better. I feel some financial institutions, insurance segment and petroleum segment may be doing better. Infrastructure, mines and mineral etc. be watchful few industries may give better day.

Textile, fertilizer, eatables and engineering industries will be comfortable. I will be watchful for IT, media, tourism and hotel Industry, like to book profit if required or trade with strict stop-loss.

Indian Currency

Indian Rupee may trade in between 61.60 to 62.60 per USD.

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