Cairn India looks weak: Astromoneyguru
Ajay Jain, CEO of Astromoneyuru advised selling Cairn India with a stoploss at Rs 339 and target of Rs 331-329.
As per Col Ajay Jain, CEO of Astromoneyuru, March 30th is represented by planet known as Jupiter and Year 2012 represented by Mercury. Rahu is in varashik Rashi, Mars will be in Singh Rashi in retrograded conditions. Ketu is in Varashab rashi, Jupiter in Aries. Venus and Ketu are in varashab rashi. Jupiter is in Aries at 18 .53 degree. Combinations of Jupiter with mercury may bring volatility in Indian stock market. Selling pressure is expected in oil & gas, capital goods, metal and banking.
Short term investors need to be careful today in big volume trading. Today short term traders may keep eyes on selected stocks and sectors rather keep looking at Nifty levels. This is time for patience and trade in selected sectors. It is always said levels are the soul of intraday trading and timely profit booking is the key of success in day trading. Today as per astro economics following stocks should be kept under observations.
Sell Cairn India (CMP Rs 336.10) with stoploss Rs 339 and target Rs 331-329
Commodity & Forex - Crude oil looks volatile in commodity market.
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