Markets may see profit booking: Ajay Jain

Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

According to Lt Col Ajay Jain, CEO, www.astromoneyguru.com, today 17th day of July 2009 is represented by planet known as Ketu while year 2009 is being represented by queen of all planets Moon. Therefore combinations of Ketu with Moon are not very profitable for stock market. As per astro economics Indian stock market may open with positive note but any time profit booking is expected in Indian stock market. Sectors may come in lime light are metal, IT, automobile, apex financial institutions, stock brokerage houses, PSUs etc as per stars short term traders may keep eyes on Satyam. IDFC, RIL, STC India for day trading but profit booking at higher levels is strongly recommended.

 

Commodities recommendations are as under

1- Chana may show profit booking in spot and future market 

2- Lead may show mixed move in spot and future market

3- US dollars may show positive move against Euro in future market

4- Soya is looking weak in spot market

5- Indian rupee may show strength against US dollars in spot and future market

6-Today fortune is waiting Makar Rashi alert for Dhanu Rashi in big trading

7- -Predictions are base on financial astrology.

 

Investors may go through their personal horoscope before taking any decision.