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Jan 09, 2013, 12.13 PM IST | Source: Moneycontrol.com

Sell Nifty fut around 6040, target 6000: Astromoneyguru

According to Ajay Jain of Astromoneyguru, one can sell Nifty Future around 6040-55 with stoploss 6070 target of 6022-6000.

Ajay Jain

CEO, Astromoneyguru.com

More about the Expert...

As per Col Ajay CEO of Astromoneyguru.com .As per star 9th day of January month is represented by planet known as Mars and year 2013 is represented by Venus.  Combination of Mars and Venus are known for volatility in world capital market.  Although Mars is in Capricorn indicating strength of the stock market but combination with Venus may push Nifty profit booking in Indian stock market. As per stars Jan future contract of nifty may face strong resistance around 6045-6055 levels. This should be perfect levels for profit booking in Nifty future for intraday trading. To minimize risk traders may keep stop loss Rs 6070 for safety. Remember levels are known soul of the intraday trade. Therefore timely profit booking is mandatory in short term trading. 
          
Following stocks should be kept under observations-
         
Sell Nifty Future around 6040-55 with stoploss 6070 target of 6022-6000.

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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