Daily Forecast – Share Market – March 10th, 2014

Mixed Day expected with Profit booking as well movements

Seven planets are in the influence of Mars, Rahu and Saturn, and Mars and Saturn are transiting retrograde, influence from out- side market may show some profit bookings, but still opportunities are available in the market for mid-caps on selected equities, which may show some movement apart from profit bookings. Jupiter and Venus are indicating that movement is still positive. Since Mercury is ready to change its sign so, some profit either today or tomorrow is expected.

I will prefer to go for mid-caps in IT, Hotel, Tourism, communication etc. along with Vehicle, engineering, electrical equipment manufacturing units, and automobile related ancillary units.

Global clues are very important, sentiment of the market because of elections is positive, but it’s a position to be watchful and trading with strict stop loss will be important.

Pharmaceuticals and Hospital with medical equipment manufacturing companies will be better.

Trade with strict stop-loss.

Indian Currency

Indian Rupee may trade in between 60.70 to 61.60 per USD.

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