Daily Forecast – Share Market – January 28th, 2014

Another day for negative Opening | Day to trade with Stop-loss

Six planets are directly or indirectly connected with foreign related activities, I believe that market may behave according to the indications from foreign trades and will be affected due to national debt position or interest etc., Rahu and Jupiter are indicating that market may be affected due to banking event too.

I will like to book profit on PSU banks and keep strong vigil and if required then go for profit booking, be watchful through-out the day. Stop-loss on either side will be important. Since Rahu and Ketu are involved in big way, so market may give sudden change (but not necessary), so for that it will be better to be watchful and trade with stop-loss.

Engineering industries and agriculture related industries may be doing some better along with pharmaceuticals.

I will prefer to be watchful and book profit in time.

Indian Currency

Indian Rupee may trade in between 62.75 to 63.70 per USD.

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