Daily Forecast – Share Market – April 29th, 2014

Lazy and possibility negative opening

Three planets are passing through the Nakshtra of Jupiter, Indicating some movements in banking and financial institutions, importance of foreign trades and indications from foreign market cannot be ignored, because solar eclipse is in the house of foreign lands, and affecting lord of share market and finance too. So, I feel selected banking and financial institutions may give some positive moves and for remaining ready to take guards for profit bookings as and when required.

We can see some ups and downs in pharmaceuticals or any revert of deal any pharmaceutical company. So, be watchful.

I feel some consolidation or profit booking is possible in this market, and look for buying at lower levels before 13-05-2014, and after that you can book profit or look for long term, depending on political situation.

I will still prefer for alcohol, leaf related industries, electrical goods manufacturing and PSU’s because Venus is lord of India’s natal chart is in the house of gains.

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.