Part of weekly letter

Global Equity Indices

In the current week, market may begin with an upward trend. After mid-week, correction is anticipated. Market shall be overall positive until 12th October 2016. A top of 2170-80 is expected. As per planetary conditions, we do not expect S&P500 to cross 2200.

On 13th, Venus shall enter Scorpio – this shall bring a sharp correction in equities.

Overall in the period until early November, S&P500 can drop to 2100 or lower.

Market shall witness a big problem around second half of December 2016. The lead of this issue may arise from American or European countries driving S&P500 down to 1900 or lower.

In the current week, market is positive on 3rd and 4th October 2016.

For 5th to 7th October, zigzag pattern with bearish influence is indicated.

On the higher side, S&P500 can move up to 2180 and on the lower side, it can drop to 2140.

In next week, 10th to 12th shall be slightly positive.

UK market may bring a major issue in the near term and hence you should trade with caution. The problem shall be there after 12th October 2016.

Precious Metals

The low in bullion has been made last week. Positive trend shall start in bullion from 06.00 PM IST.

 

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