Diwali 2016: Oil & gas, metal stocks may shine, says Ajay Jain

By Ajay Jain of astromoneyguruThe most popular Hindu festival Diwali literally means an array of lamps. Diwali date in the year 2016 is on October 30 as per Hindu Calendar - Indian Standard Time. It will be observed on October 29 in South India. The festival signifies the victory of good over evil where the good and the evil are present in us. Before I give my predictions for Diwali 2016 to Diwali 2017, I would like to recall my previous prediction made on Diwali 2015 for year 2016 . Stock market has moved as per predictions , Crude oil also seen great upward move from USD 26 per barrel to USD 51 per barrel, Gold also moved as per expectations . All recommended stocks on Diwali 2015 performed very well. Indian rupee also moves against USD as per expectations. Now, as per astro economics, Diwali 2016 to 2017 is expected to bring fortune for metal, oil & gas stocks. I have dedicated Samvat 2073 for metal and oil & gas sector in global stock market. Stock market's upward movement of 10 percent to 12 percent is expected in Indian stock market during Diwali 2016 to 2017. As per stars, global stock market may suffer due to increase in geo-political tensions at global levels, which may effect global stock market. Following stocks can be kept under observation for one year from Diwali 2016: (1) Vedanta (2) Cairn India (3) Reliance Industries ( 4) Finolex Cables (5) Hindustan Zinc (6) Pidilite Industries (7) Asian Paints (8) Yes bank (9) HDFC (10) LIC Housing Finance (11) SBI (12) HDFC Bank (13) Tata Steel (14) Coal India. Commodity market: Please recall that on Diwali 2015, I had predicted for positive movement for Chana. Chana has given maximum return in any commodity at electronic and physical commodity trading in India. Hope readers must have enjoyed big profit.Now year 2016-17 will be dedicated for crude oil and metals in commodity market positive movement expected in crude oil. As we all know, crude oil play an important roll in global politics as well global economy. As per stars, this year bulls may crude oil in global commodity market. Expected levels of crude oil should be USD 65 to 75 per barrel in international commodity market.Gold will be second important commodity which seen great upward movement as per my predictions. This year also, gold investors may celebrate good return in gold investment.Soyabean is also expected to perform well in global agro commodity market, sudden demand may increase. Base metals: Copper may see sudden upward movement after Diwali 2016. Indian rupee movement against USD: As per astro economics, Indian rupee should be between Rs 62 to Rs 65 against USD.The above predictions is made based on fundamental analysis and financial astrology. Risk management is mandatory tool in trading and investment in stock and commodity.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.