Commenting on the market outlook, Ajay Jain, CEO of Astromoneyguru.com said,``17th day of August month is represented by planet known as Saturn and Year 2012 represented by Mercury. Mars has changed its sign from Kanya to Tula Rashi and making conjunction with Saturn again in Libra. Rahu is in Varashab rashi and Rahu and Mercury are at trine angel to each other. This combination may lead positive opening in Indian stock market. Liquor, media, stocks may be in lime light today. Oil & gas sector also to see buying interest under volatility.``
``Our advance predictions for US dollar and Hindalco proved correct. US dollar has shown strength against Indian rupee and Hindalco has seen down ward move as predicated. Now as per stars US dollar may show strength against Indian rupee in currency market. Short term traders need to keep eyes on given target and stop loss. Levels are the soul of intraday trading; timely profit booking is mandatory in day trading.
Following stocks should be kept under observations for short term trading:
Buy Cairn India (334.15) with stop loss Rs 330 target Rs 337, 339.
Buy Titan Industries (219.95) with stop loss Rs 216 target Rs 221,224.
Wheat to show positive move in commodity market.
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