Daily Forecast – Share Market – February 5th, 2014

Positive Movements expected for Mid-caps

Six planets are connected with Rahu and Ketu axis, Mercury is close to retrograde position that means lord of share market house of India’s natal chart is very slow in its movements, indicating that movement in the market may be not so fast, but impact from foreign trade is strongly possible.

I feel industries like IT, Communication, Aviation, Alcohol, fertilizer, agriculture related, and agriculture produce, Vehicle related industries like batteries etc., selected infrastructure or I can say mid-caps will be doing better. Pharmaceuticals, products related to Medical science, related products, electrical and engineering industries etc. can be doing better.

Market may move in positive zone, but be watchful; I will not suggest taking long positions except companies having good and strong performance (but at low levels).

Sudden change in market is also expected.

Indian Currency

Indian Rupee may trade in between 62.0 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.