Daily Forecast – Share Market – May 22nd, 2014

Market may be positive | Better to watch and move

Two planets are in the nakshtra of Jupiter and two in the nakshtra of Mars, Mercury is ready to move in its own house of finance and banks on 23-05-2014. Sun is transiting from its own nakshtra.

I feel market may give some opportunities in selected equities. It’s a time to watch and then enter in the company. I feel industries related to automobile industries (allied), power and allied industries, and mines and minerals related industries may give some better positions.

I will like to see for mid-caps and small-caps in financial and banking institutions with insurance segment.

Now, some impact from foreign trades may also give impact on this market as well companies related to import and export along with Jewellery/Gems related may also give some movements

Engineering, Paper related industries, Chemicals, agriculture and related industries may also show some positive moves.

It’s a time to be watchful and look for transport related industries.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 58.35 to 59.15 per USD.

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