Daily Forecast – Share Market – June 12th, 2014

Retrograde Mercury – Possibility of Profit Booking | Keep an eye on foreign trades

Mars, Mercury retrograde Rahu, Ketu and Venus are indicating that influence of foreign trade or news linked to some other reasons can be seen on local market.

Retrograde Mercury is indicating that possibility of some consolidation or profit booking can be seen but possibilities are that such profit booking may not be so deep or big. It’s a time to go for watchful trading.

I will like to look for the segments involved in foreign trading or that means related to import-export business. I will like to be watchful in banking sector with financial institutions.

Possibility of correction and then buying at lower levels is possible, but one has to be watchful for before picking up equities at lower level. As and when required book your profits.

Vehicle, Power, Infrastructure and related industries may be good to keep a watch with leather, electrical goods manufacturing segments. Engineering, eatable etc. will be good with fertilizer etc.

Trading with strict stop-loss is for your safety.

Indian Currency

Indian Rupee may trade in between 58.90 to 59.80 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.