Daily Forecast – Share Market – January 27th, 2014

Day for Profit Booking Expected

Share market house lord of India’s natal chart has changed its house, and transiting through the nakshtra of Mars, placed in the house of share market, but position of Mercury and Venus has started to come on the curve, slowing down speed for us, indicating some downfall in the share market is possible. I will prefer to be watchful and trade for negative zone even for today. Indications are that market may face some strong profit bookings or can be for sellers’ market.

Still, I feel industries like cement or better to say ancillary units for infrastructure, few banks and insurance industry; shortly we may see some change in petroleum and gas prices that may give some impact on petroleum industry.

Impact from foreign trade will strong.

I will prefer to go for profit bookings.

Engineering and agriculture related industries may be doing better. Be careful for pharmaceuticals etc.

Indian Currency

Indian Rupee may trade in between 62.25 to 63.25 per USD.

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