Daily Forecast – Share Market – May 16th, 2014

Opening – Possibility of Gap-down

Majority of planets are transiting through auspicious planets, so indications are that market is looking for positivity in coming days, but for today – since Mars is in the house of share market and is slowing down its speed so impact from foreign trade may not be possible. Lord of nation is Venus and is transiting from the nakshtra of Mercury, lord of political issues and represents house of share market, means this market will be under great influence of political issues, Sun in the ascendant of natal chart of India with Mercury – I feel that market for infrastructure related complete companies will be doing good.

Electrical goods, engineering goods, fertilizer, Moon is indicating that industries related to mid-caps of Hotel and tourism industries may be doing better. In coming days we may see some movement in petroleum and gas related industries.

Jupiter is indicating that possibility of PSU banks, and financial institutions linked with PSU’s may be doing some better.

It is strictly advised that possibility of Volatility is possible.

Market may show consolidation at least at the time of opening or may show some Gap-down opening or lazy opening.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 59.0 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.