Dr Reddys Labs looks weak: Astromoneyguru

RELATED NEWS Ganeshaspeaks: Market prediction for Feb 9 Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

As per Lt Col Ajay Jain of www.astromoneyguru.com , February 9, 2010 is represented by planet called Mars and year 2010 is represented by Jupiter. Combination of Mars and Jupiter may create volatile movement in Indian stock market. Now today Since Mercury is with Sun , Jupiter is in air zodiac sign with Venus. As per astro economics conjunctions of Jupiter and Venus and intraday combinations of Mars and Jupiter may bring highest volatility in Indian stock market. My pre alert in previous article about bounce back in Euro and Indian stock market one again proved correct. Indian stock market was opened with red mark but strong recovery was seen yesterday. All recommended stocks were achieved targets as predicated.

Today Indian stock market may develop selling pressure in pharma sectors while buying interest may be seen in certain selected stocks .It is advised that short term traders may keep eyes on sector specific stocks rather then Index. Investment base buying should be avoided for time being. Today following stocks to be kept under observation;

Sell Dr Reddy (Rs 1115.60) with stop loss Rs 1132 target 1100, 1095, and 1092.

Commodities and Forex - Black pepper may show strength.

Important note - The above recommendations are base on financial astrology. Consult your personal horoscope before taking any trading decision, Risk management is mandatory tool in electronic trading in stock and commodities market.