Metal, banks to see selling pressure: Astromoneyguru

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As per Lt Col Ajay Jain of www.astromoneyguru.com , January 29, 2010 is represented by planet called Moon and year 2010 is represented by Jupiter. Both planets create a very special astrological yoga "Gaj kesari" which indicate knee jerk move during first half of the day but time to invest at selected stocks at lowest levels. Today Sun is with Venus in Makar rashi Mercury with Rahu is with Dhanu rashi, Jupiter is in Kumbh Rashi during day. Combinations of Jupiter with Moon may bring highest volatility in Indian stock market. Today important decision for credit policy is also expected therefore Indian stock market may surprise with decision.

Today Indian stock market may see selling pressure in banking, metal and sugar sectors during first half of the day. Timely profit booking in short as well as long calls in stock market is strongly recommended since Time is every thing is stock market. 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. I have given this early alert for deep corrections in Indian stock market in month of Jan 2010 well in advance now result is with you. Clear indications in previous article for weakness in INR (Indian rupees) was once again proved and recommended stocks achieved their targets today following stocks to be kept under observation;

Sell MTNL (75.55) with stop loss Rs 77 target Rs 74, 73, 73.50
Sell Sterlite Industries (India) Ltd. (765.05) with stop 772 target Rs 758,755,750
Sell City Union Bank Ltd. (Cmp Rs 28.55) with stop loss Rs 30 target Rs 27.50, 27, 26.50
Sell Nelco Ltd. (102.75) with stop loss Rs 104 target 100, 99, 98
Sell Oudh Sugar Mills Ltd. (Rs 65.65) with stop loss Rs 67 target 64, 63, 62.50ns

Commodities and Forex - Chana may show weakness during day.

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.
Ceo