Last Updated : 26 Aug 2008
Bullion markets may witness profit booking
As per financial astrology today, Venus, Sun and Saturn in Singh Rashi, Moon is in “Mithun”, Mars and Mercury are in Virgo. This combination is indicating volatile movement in bullion and metal in Asian market. Indian bullion spot and future market may show profit booking in second half of the day. Be careful in Gold and silver.
Expected levels of Gold in Nymex Upper levels $828,832,838 Lower levels of gold $825,822,818 silver may follow gold movement.
Asian stock market may show volatile and negative movement, European stock market may also Asian stock market trend. Indian stock market may show negative movement at opening, profit booking is expected in TATA MOTORS, SAIL, IFCI etc during day trading. But timely profit is also advised. Nifty resistance levels (1) 4350 (2) 4388 (3) 4422. Nifty support levels (1) 4300 (2) 4288 (3) 4255.
Crude oil is looking volatile in Asian future market. Expected upper levels (Nymex) $116,118 support levels $ 112,11O.
Copper is expected to show volatile movement in future and spot market in Asian.
Gaur seed looking volatile to negative in spot and future market during day trading at MCX.
US dollar is looking strong against Euro during day time in as per Indian standard time. Indian rupee may show further weakness against US dollars.
Today, fortune is waiting for Singh and Kanya rashi and alert for Karak and Varashik Rashi for big trading.
Predictions are based on financial astrology. Investors may go through their personal horoscope also before taking any decisions.
Lt Col Ajay is a leading Astro-finance consultant and CEO of www.astromoneyguru.com mobile -09414056705