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Feb 23, 2012, 01.24 PM IST | Source: Moneycontrol.com

5540 crucial level for Nifty: Astromoneyguru

The Nifty has very crucial level at 5540 for trend of day for short term trading. Oil marketing companies may show some buying interest at this junction for investment.

Ajay Jain, CEO, www.astromoneyuru.com

As per Col Ajay Jain, CEO of www.astromoneyuru.com , February 23rd is represented by planet Mercury and Year 2012 also represented by Mercury. Today Venus is with Meen Rashi and Mercury is with sun making conjunction in Kumbh rashi. Two important planets Saturn and Mars are at retrograded conditions. Mercury and Rahu are at square angel to each other. This combination may attract volatile move in Indian stock market.  As per astro economics, some bounce back is expected in banking stocks but timely profit booking is strongly recommended in public sector banks.

The Nifty has very crucial level at 5540 for trend of day for short term trading. Oil marketing companies may show some buying interest at this junction for investment.

Commodity & Forex - USD may show strength against Euro.

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