Support for Nifty at 6160-6175: Astromoneyguru

As per Ajay Jain, CEO of astromoneyguru.com December 13 is represented by planet known as Rahu and year 2013 is represented by Venus. Today Rahu is with Saturn and Sun is with Mercury. 

As per Ajay market theory this combination may lead profit booking in capital goods, banking stocks in stock market. Nifty spot can see further weakness but strong support also possible at 6175- 6160 levels. Short term traders may book their short positions around 6160 to 6180 levels.

Following stocks may see profit booking any time: (1) Steel Authority of India   (SAIL) (2) Bharat Heavy Electricals (BHEL).

Disclaimer: The views and investment tips expressed by investment experts 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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