Ajay Jain, CEO, Astromoneyguru
Time to say good bye 2015 and welcome to year 2016. As per Ajay market theory, year 2016 is represented by Planet known as Mars. As per Ajay market theory Mars is planet for energy and power and new records.
March 2016 is expected to touch new life-time highest levels in index (Nifty and Sensex).
Crude oil has seen worst period in year 2015. Now as per financial astrology year 2016-18 will be period for fortune for crude oil. Expected levels of crude oil at USD 45 to USD 130 till year 2017-18.
Copper is known as king of all base metals. Growth of copper symbol of global growth. Year 2016-17 expected levels of copper should be Rs 360 to 375 per kg in electronic trading exchanges.
Precious metal gold is second commodity experienced hard time in commodity market. As per financial astrology, gold is expected to see USD 1130 to USD 1230 during year 2016-17.
Indian currency rupee was depreciated against US dollar in spite of multi-year’s lowest price in gold and crude oil. Now as per financial astrology, Indian rupee may appreciate against US dollars. Expected levels of INR against USD should be 62 to 60 levels against US dollar.
Euro was seen worst period due to economic crisis in Europe and Euro was also depreciated against USD. As per financial astrology, currency Euro may see more pain. British currency GBP may show strength against US dollar.
Global capital market may show mixed results. USA, Australia, India, South Korea, Brazil, Japan stock markets may see new historical highs. China, Russia, North Korea stock markets may not match the growth of global growth.
Year 2016-18 will be very important for global politics and economy.Disclaimer: The views and investment tips expressed by investment experts/astrologers 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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