Daily Forecast – Share Market – April 2nd, 2014

Market is heading for new Highs

Mood of the market is with financial institutions and banks, along with IT, travels and tourism, transport and transshipment, travel related, media, communication related industries.

Sun, passing through the nakshtra of Share market house lord, so it may further give further new highs to the market, but due to impact of Rahu/Saturn combination and impacts of foreign trade may give sudden change or unexpected positive/negative movements in the market. But I feel, on certain levels, market may like to breath for a while or may go for profit booking.

Metals, infrastructure, vehicles and ancillary units may be doing well. Textile, liquor, alcohol, mining and power related industries may also show some movements and how can I forget engineering, electrical equipment manufacturing, pharmaceuticals etc. may also show good moves.

As and when required book profits.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 59.60 to 60.50 per USD.

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