Daily Forecast – Share Market – May 13th, 2014

Gap up opening possible | Possibility of Further New Highs in Indexes

As I had mentioned in my earlier posts that positivity in market is possible at least till 13-05-2014. Now it is also possible that on date market may try to achieve new highs in index as well equities too.

Now, I will like to suggest that time has come to see and move properly. Look for companies or equities at lower levels and then go for purchase. Still some chances are possible.

Textile, transport, and companies dealing in all fields of infrastructure, vehicle related industries, power, mid-caps in petroleum industries, I will also like to see certain PSU’s in petroleum like ONGC etc.

This market may also show positivity in agriculture related industries.

Still I will suggest to go with caution, as and when required to change your position. Profit bookings as and when required will be good.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 59.70 to 60.55 per USD.

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