Daily Forecast – Share Market – February 17th, 2014

Trade watchfully | Although Market may open positive

Three planets are transiting through the Nakshtra of Mars, and connectivity Jupiter, Rahu, Ketu and Saturn is with the house of national taxation, interest, debts or in Broadway we can say Budget will give main impact on this market. As we know very well that it will be a last budget or interim budget of UPA 2 government, so it is easy to understand that budget may be linked with mass – and connectivity of seven planets are indicating that this budget may be for mass, and may not give any direction for the coming financial year, rather may further affect this current growth economy.

I will prefer to be watchful, for Banking, Sugar (large caps), Petroleum, large caps of infrastructure. But for power related, small and medium caps of other shares may give better performance. After 12:11 Hrs. possibility of some movement in the market, but still be watchful, because lord of finance and share market is retrograde and combust. So, how can I expect positive budget on date.

Leader of the government is not comfortable, afflicted by Saturn, we may see further disturbances in various parts of country as well industries/offices etc.

I will prefer to be focused on some communication, IT, Pharmaceuticals, agriculture related, FMCG segment particularly involved with pharmaceuticals also, fertilizer, and eatable products related industries.

Infrastructure related to road construction and insurance segments will be better.

Indian Currency

Indian Rupee may trade in between 61.40 to 63.0 per USD.

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