Cairn India looks positive: Astromoneyguru

As per Col Ajay Jain of Astromoneyguru.com, July 2nd is represented by planet known as Moon and Year 2012 represented by Mercury. Today Moon in Varashab Rashi while Sun is with Mercury in Earth signs Mithun Rashi. Important planet Mars and Saturn are in close conjunctions in Kanaya rashi. Jupiter, Venus and Ketu are in Varashab Rashi. This combination may lead positive movement in sugar, oil & gas and metal sectors in Indian stock market. It is also to note that volatility is not yet over in stock market therefore timely profit booking at given levels is strongly advised.

Now as per stars Nifty is expected to see profit booking at higher levels. Following stocks should be kept under observations for short term trading.

Daily recommendation
Buy Cairn India (CMP Rs 307.55) with stoploss Rs 305, targets Rs 310-311

Buy Balrampur Chini Mills (CMP Rs 51.75) with stoploss Rs 51, targets Rs 53-54

Commodity & currencies: Copper looks positive in commodity market.

Disclaimer: The views and investment tips expressed by investment experts/astrologers on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.