Daily Forecast – Share Market – May 8th, 2014

Positive Market after consolidation | Moves for Mid-caps better | Be watchful – keep ready to book Profit

Jupiter is indicating some positivity after yesterday’s consolidation. I feel it’s a time to look for equities at lower levels, time is close for any sudden change in the market before 13-05-2014, textile is good, medicine and pharmaceuticals and related field is better.

Leather related as well related to foot is good, because Sun is exchanging aspect with Saturn in from the house of foot. I feel leather for export will also be better. Earth related like tiles and cement etc. may give some better movements. Saturn and Rahu are indicating chemicals will be better along with mines and minerals may do better.

If required book profits in IT and communication segment but food related industries may do better. I will like to be watchful in financial institutions.

Be watchful – keep ready to book Profit as and when required.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 59.80 to 60.60 per USD.

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