Crude oil looks weak

Published on Thu, Oct 16, 2008 at 09:30 |  Source : Moneycontrol.com

Updated at Thu, Oct 16, 2008 at 10:19  

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According to Lt Col Ajay CEO www.astromoneyguru.com , Financial astrology today Saturn in "Singh Rashi, Sun and mercury in Kanya rashi, Mars is in Tula while Venus is in Vrashik rashi. Moon is in Mesh rashi. All these combinations are indicating heavy profit booking in Asian and European stock market, banking, metal, energy, consumers goods, heavy engineering ,may attract selling pressure. Sterlite Ind, Reliance capital, Icici bank, Hdfc bank may see heavy profit booking at opening. Investers may buy at lower levels during second half of the day in metal, banking sector. My picks for investment would be Ifci, Idfc, sterlite Ind for 40 days investment at lowest levels. Remember all these pick for mid term investment not for day trading. Big traders may use hedging method in trading. Expected nifty resistance levels (1)3166(2) 3188(3)3210 support (1)3110(2)3088(3)3050.  Impact of CRR cut by 1%, lowest levels of crude oil,  Cash in flow in banks  will certainly help Indian capital market in mid term view. Keeping  astrological view on world economy Us economy may see more worst period , As I keep writing last 2 years that Us may not be world economic power  in next 2-3 years , New world economy power will be from Asia . Investers have no choice but come back toward Asia and Africa for investment due to their economic growth.

  1. Today Asian bullion market may show mixed result, no one side big movement is expected due to heavy volatility in dollars. Firm movement in gold expected in India future and spot market expected levels (comex) resistance (1) 843, (2) 847(3)852 support levels (1)836(2)832(3) 828.
  2. Crude oil is looking weak.
  3. Copper is expected to show volatile movement in future and spot market in Asian future market. This is time to invest in metal for short term basis; metal copper is looking strong for next 15 days. Investers may invest at lower levels. For day trading copper may show weakness.
  4.  Mentha oil is looking weak in spot and future market.
  5. Indian rupees may show further weakness against us dollars during day trading.
  6. Today fortune is waiting for Karak and Dhanu and alert" for Mesh Rashi in big trading.
  7. Predictions are base on financial astrology. Investors may go through their personal horoscope before taking any decisions.

  

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