Daily Forecast – Share Market – May 29th, 2014

Profit Bookings Possible | Recovery Possible after second half of market

Focus for Moon is more than Jupiter and Ketu, I feel IT, transport and communication will be doing better.

This does not means that we can ignore financial institutions or banking segment and impact from activities related to out-side trade or foreign lands related activities.

One more fact is clear that Mid-caps and small-caps will be doing well in any segment.

Sun is also indicating that small-caps or mid-caps of allied industries or Vehicle industries will be doing better and large caps may see some profit bookings.

After a long run up before this closing some profit bookings are possible.

Textile industries, cotton, leaf etc. with alcohol/spirit may do well. Industries related to engineering segment linked with medical equipment may give some positive moves.

I feel some profit booking in Nifty.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 58.60 to 59.50 per USD.

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