Daily Forecast – Share Market – May 23rd, 2014

Market may Open in positive zone | Tea, Leaf related may do better

Mercury has moved in its own house of banks and finance and conjunct with Jupiter. Three planets are transiting through the nakshatra of Jupiter, indicating focus of banks and financial institutions, wood related or leaf related industries may give positive moves.

Leaf related means like Tea or Tobacco related industries may give gains.

Sun is indicating impact on cement, power, energy, and energy based on non-traditional ways will be doing better.

Textile, food related, Jewellery and Gems related may also do better, small and mid-caps in IT, communication may be doing better with transport segment (this include all surfaces of transport).

Engineering, automobile, irrigation, fertilizer may be doing well.

Impact of outside market activities may be seen in the share market.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 58.0 to 59.0 per USD.

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