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Jun 21, 2012, 09.47 AM IST
Ajay Jain of Astromoneyguru.com advised buying HPCL with stoploss of Rs 320 and for targets of Rs 324-327.
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.
Commodity & currencies - Crude oil will see downward movement.
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.
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