Commenting on the market outlook, Ajay Jain, CEO of Astromoneyguru.com said, ''4th day of December month is represented by planet known as north nod of Moon and Year 2012 represented by Mercury. Moon is in karak rashi while Ketu and Jupiter are in Varashab rashi. Mercury is with Saturn and Venus in Libra sign. This combination may lead mixed movement in Indian capital market.''
''This week important political decision will be taken in parliament on foreign direct investment in retail. As per stars, combinations of Rahu and Sun in Scorpio sign may bring some tension for ruling party congress in Indian but most favorable conditions of Saturn and Venus in Libra sign. Congress led UPA Government may play safe by defeating oppositions. Political stability is the one of the most important key point for Indian capital market. As per stars, shipping, pharma, tea and banking stocks may be kept under observations for short term trading.''
Following stocks should be kept under observations:
Buy Aurobindo Pharma (191.10) with stop loss Rs 190 target Rs 194, 195.
Buy Cairn India (332.60) with stop loss Rs 330 target Rs 334, 335.
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