Daily Forecast – Share Market – May 30th, 2014

Possibility of Lazy movements | Opportunities at lower level buying possible

Moon has moved with Jupiter and Mercury, I feel that banks, petroleum have to play some important role in today’s trading session. Mars and Saturn are afflicting house of petroleum related house, so possibility of profit booking in petroleum Industry, but in banking and financial institutions, some positive moves may be doing well.

Mars is indicating (three planets are transiting through Mars) that industries related to defence instruments manufacturing industries, arms and ammunitions related industries may be doing well, along with import-export related industries.

Electrical appliances (domestic) manufacturing industries with electronics may also do better.

Opportunities at lower levels may be available to purchase. This market may look for further correction after such run-up, so trading with strict stop-loss on either side will be better. Look for purchase at lower levels.

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.