Last Updated : 27 Aug 2008
Volatility to continue in Asian oil markets
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.
Expected levels of Gold in Nymex Upper levels $, 835,840,842.Lower levels of gold $ 828,822,818 silver may follow gold movement.
Asian stock market may show volatile and mixed trend, European stock market may also follow Asian stock market trend. Indian stock market may show positive trend at opening but continuity of positive trend is doubtful in second half of the day. Therefore timely profit booking in long positions is advised. Cairn India may be kept under observations. Nifty resistance levels (1) 4368 (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) US$117,118 support levels US$ 114,112, our advised not to create big short positions in previous article has gone correct, and crude oil has shown big “U” turn.
Copper is expected to show volatile movement in future and spot market in Asian.
Mentha oil looking volatile to negative in spot and future market during day trading at MCX.
India rupee may continue to show down ward trend against US dollars.
Today, fortune is waiting for Singh and Kanya rahi and alert” for Karak and Varashik Rashi in 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