Daily Forecast – Share Market – March 20th, 2014

Profit Bookings possible | Buying opportunities at lower levels

Seven planets are in the axis of Rahu, Mars, Saturn and Ketu, indications are market will again behave on the basis of foreign trading sessions or reasons based on outside market. Influence of Rahu is maximum, so can give reversal moves or in simple words, it can show some profit bookings, but I feel still some opportunities for buying good equities on lower levels, Jewellery related, import-export, Textile, tobacco, Tea and Alcohol related industries may do better with financial institutions waiting for the licence for banks etc.

Medium or small caps in infrastructure, cements, and vehicles related industries etc. may do better. While going for long positions, be careful and watchful.

IT large-caps, communications and media related may not be good for buying, it will be better to book profit or be on the safe side.

Possibility of sudden change in the market is possible.

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.