Steel sector looks weak: Astromoneyguru

Nifty BSE | NSE 31/05/12 Are Mutual Funds betting on Nifty?

As per Lt Col Ajay Jain of www.astromoneyguru.com , November 27, 2009 is represented by planet called Mars and year 2009 is represented by Planet Moon. Today Moon is in Meen rashi and Mars is in Karak rashi, Saturn in Kanya rashi and Ketu in mithun rashi. Sun is with close conjunctions with mercury and Venus in Varashik rashi.  Mars and Moon are trine to each other .Combinations and conjunctions of different nine planets May creat highest volatility and profit booking in world future market. If you remember we keep giving you early alert that this is not the time for big investment only short term trading should be done.

Today Indian stock market may show weakness. Steel and banking sectors may attract some selling pressure.  It is advised that short term traders may keep eyes on sector specific stocks rather then Index base stocks. Investment base buying should be avoided for time being. As per Financial astrology our recommendations made in previous article about stock market trend and recommended stocks were achieved their target.  Titan Ind was achieved or two target under blood bath

Sell Tata Steel (CMP Rs 543.45) with a stoploss of Rs 550 and for targets of Rs 538, 530, 525.

Sell Sterlite Industries (CMP Rs 847.05) with a stoploss of Rs 855 and for targets of Rs 840, 835, 830.

Buy HPCL (CMP Rs 352.20) with a stoploss of Rs 350 and for targets of Rs 355, 358, 370.

Commodities and Forex - Profit booking is expected in Bullion at higher levels.

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.