HPCL looks positive: Astromoneyguru

As per Col Ajay Jain of Astromoneyguru.com, June 21st is represented by planet known as Jupiter and Year 2012 represented by Mercury. Today Moon is in Mithun Rashi with Sun and Mercury. It is important to note That Mithun Rashi belongs to dual sign and Mercury is responsible for highest volatility. Therefore Indian stock market may see zigzag movement. Positive move expected in pharma and oil marketing companies while selling pressure in steel and cement sectors. It is advised to trade in sectors and stock specific rather than looking at Nifty and Sensex levels.

Today, cement and steel stocks may see downward movement any time. Now following stocks should be kept under observation for short term trading. Levels are the soul of short term trading therefore timely profit booking is mandatory for intraday trading.

Daily recommendation
Buy HPCL (CMP Rs 322.50) with stoploss Rs 320, targets Rs 324, 327
Sell Tata Steel (CMP Rs 426.80) with stoploss Rs 431, targets Rs 423, 419
Buy Ranbaxy Laboratories (CMP Rs 486.55) with stoploss Rs 483, target Rs 488, 491

Commodity & currencies - Crude oil will see downward movement.

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