Daily Forecast – Share Market – May 14th, 2014

Jupiter indicates Positivity | Time to be watchful

Jupiter is playing important role for the day, because three planets are transiting from the nakshatra of Jupiter, main role is played by auspicious planets, but Jupiter is lord of sudden changes for India’s natal chart as well gives gains also. That’s why market has moved suddenly during past days, further today also some movements are possible, but possibility of consolidation or profit booking is not ruled out.

Sun is ready to move in tenth house from its own house, so I feel, period for power, infrastructure, vehicle, mines and minerals may be good, I will look for mid-caps in such industries.

Large-caps may not be showing strong moves, but possibilities for mid-caps and small-caps are still better.

I feel textile, along with paper and fertilizer may also give some movements. Media, and PSU banks may also give some positive moves, because of Jupiter is in control, but one has to be watchful particularly for private banks (possibility of some profit bookings).

Now, we are heading for watchful trading at least for next three days, because planetary positions are changing, particularly ruler of King Sun, and in ascendant.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 59.00 to 60.15 per USD.

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