Daily Forecast – Share Market – March 13th, 2014

Consolidation | Profit booking may continue with positive touch

Market is indicating positive touch, but period of consolidation, profit booking etc. may continue. Foreign markets will also affect trading session of local market. News related to the industries may also give some impact on the market, such as news related to giant IT industry is indicating that today IT field may not be doing well but Moon in its own sign is also indicating that IT may show some movements also along with Hotel, communication, entertainment etc. So, IT may be affected by the outside impact, and may not give positive impact in the market, so be prepared to book profit in giant IT industry.

Infrastructure, Vehicle, Power, metal and minerals may show some profit booking in a day or two, because lord of the house is changing its position.

I feel, engineering, electrical equipment, pharmaceuticals, hospital etc. with import-export may be doing better, but before going for long, be careful.

Large-caps may not be safe bet.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 60.80 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.