Daily Forecast – Share Market – February 7th, 2014

Buying expected at lower levels | Nifty may open Positive

Seven Planets are in connection with Rahu-Ketu axis, indicating that influence from outside activities/market will be strong and Lord of the share market house of India’s natal chart has started transiting retrograde, so possibility of some positive trend in the market is expected.

Pharmaceuticals, Life and medical related industries, agriculture related and produce related industries along with minerals, metals and Vehicle related industries will be doing better.

Banking and financial institutions may show some buying at lower levels, but trade with care.

Industries like cement, allied industry to automobile – like batteries, automobile tyres may be better. I will prefer for engineering and electrical instruments and power segments.

Since Mercury has just started transiting retrograde, so trade with strict stop-loss.

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.