Daily Forecast – Share Market – April 28th, 2014

Be watchful while going for Long positions

Three planets are passing through the Nakshtra of Jupiter, and this Jupiter is forming yog with Moon, and emotion of the trade is giving aspect on the house of stock market, but lord of banks and financial institutions and share market is heading for total combust position. Such position is indicating some changes in banking and financial institutions, along with mood of share market.

So, my suggestion is to be careful while going for long positions. Solar eclipse is not for us but technically will impact on share market in coming days, so I feel some change of trend is possible after solar eclipse. Be watchful.

Eatable, IT, electrical goods manufacturing organizations, engineering goods and organizations may be doing better. Textile and related industries may also be doing well. I will also like to be taking care of paper industry. Leaf related like Tea, tobacco may also show some gians.

Petroleum etc. may show some Profit bookings due to global reasons.

Look for good companies at lower values and opportunities, but be watchful.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 60.70 to 61.40 per USD.

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