Daily Forecast – Share Market – March 25th, 2014

Tricky Day | Profit Bookings expected

Mars lord of trades related to foreign lands will be a fallen planet, and affecting house of sudden ups and downs along with Petroleum related field and infrastructure, power, Vehicle, IT and communication industry. Petroleum products may see some volatility, mid-caps and small caps in Petroleum may give positive movements.

I feel some negative or Profit bookings or consolidation in the market is possible and it will be better to go for profit booking in Petroleum Industry, but again some movement in Banks are possible with engineering, Pharmaceuticals and industries linked with FMCG and products linked with food etc.

Four planets are linked or transiting through the Nakshtra of Mars, and Mars will be a fallen planet after 09:16 Hrs (IST), so impact on share market can be seen by way of Profit booking.

One can see opportunity at lower levels but only in selected stocks.

Be watchful for going for new long positions.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 60.40 to 61.20 per USD.

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