Daily Forecast – Share Market – May 12th, 2014 Possibility of New Highs in Indexes – Nifty may touch 6900 Jupiter is indicating its importance and is forming Gajkesari yog, so I feel equities related to sea – like offshore, petroleum – both mainly in mid-caps and small caps will be showing some great movements, IT, banking and financial institutions (mid-caps and small caps) will be better. Sun will move in its tenth house from its own house, and is transiting from its own Nakshtra so, I feel for 3-4 days I will like to take care of industries for Infrastructure (if possible then total coverage –all segments of infrastructure – like L&T). IT, communication, indexes and exchange related equities may also be good. Market may try to breach 6900 points in Nifty but my suggestion is for going long position, be alert and as and when required book profits for at least 50% to secure your positions, and if you feel then you can form positions for 2-3 days’ time. Food, Engineering, electrical goods (white goods) will also be doing better. I feel some movements in positive direction is possible till 13-05-2014. Trading with strict stop-loss is for your safety. Indian Currency Indian Rupee may trade in between 59.70 to 60.55 per USD. Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra. ** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Read More →