Weekly Letter: Part of view on global markets

In this week, volatility shall be high. The market can turn dangerous as a sharp correction is possible anytime. The previous week’s low of 2580 for S&P500 can be breached. There are high chances for S&P500 dropping to 2500.

The period between Monday and Thursday is crucial as in this phase, a sudden decline is indicated. It is advised to short indices at higher levels.

On Friday, recovery is anticipated from the lower level.

S&P500 has support at 2580 and resistance at 2672.

European markets are closed for the day. Please note that HANG SENG shall be closed on 5th April 2018 as well.

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Mr. Rajeev prakash agarwal financial astrologer

Mr. Rajeev Prakash