Daily Forecast – Share Market – May 26th, 2014

Market may try to touch new Highs | Will Market be able to touch 7400 Nifty points?

Three planets are in the influence of Ketu, indicating some confusions and impact from out of market related issues will influence Indian market. This may be foreign related issues or some or other issues related to political environment. Sun, Mercury and Jupiter are indicating positive moves in the market, so possibility of small caps and mid-caps to move positive or to be in safe side.

Sun is indicating that government related industries ie. PSUs can be better for the coming period. Nifty may try to break new point level may try to touch 7400. This will be because of political reasons, because of Oath taking ceremony of Prime Minister.

Sun is further indicating that industries related to automobile segment – allied industries, manufacturing allied products. Infrastructure may also show some positive moves with PSU banks, mid-cap banks and financial institutions.

Engineering, agriculture and un-expected/non-traditional energies may be doing better.

Telecom may do well with transport (all surfaces) may also do well, but my suggestion is be ready for sudden changes.

Ketu is influential, so better to play with strict stop-loss or may create some confusion in the trading session/market moves.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 58.20 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.