Crude oil looks weak: Astromoneyguru

As per Col Ajay Jain, CEO of Astromoneyuru, April 17 is represented by planet known as Saturn and Year 2012 represented by Mercury. Today Jupiter will be in Aries with Sun. Saturn is with Libra. This combination will lead mixed trend in Indian stock market. As per astro economics shipping, steel and oil & gas sectors may see some selling pressure in Indian stock market. While banking, automobile, pharma and health care stocks may see upward movement.

Keeping in view of the volatility in Indian stock market, it is suggested that short term traders may keep eyes on selected sector and stock rather than looking Nifty levels in Indian stock market. It is always recommended that levels of the stocks are the soul of intraday trading. Timely profit booking is mandatory for short term trading. This is key of success in Indian stock market. Following stocks may be kept under observation for short term trading.

Daily recommendation
Buy HPCL (CMP Rs 283.15) with stoploss Rs 280, target Rs 285-287

Commodity - Weakness in Crude oil is expected in commodity market.

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