RK Sharma's financial predictions for August 2009
From 16th August 2009 Sun has entered in it’s own house Leo,where Saturn is already placed. The combination of Saturn & Sun in Leo sign brings instability in the financial market & politics.On top of that Jupiter is also in Capricorn along with Rahu.So am very skeptical & scared about next 15 to 20 days.
- BSE can come down to 13,800 & may see 15,500 with great difficulty. There could be some bounce back between 23rd August 2009 – 28th August 2009. But that can be just a recovery from the bottom.
- Even NSE (Nifty) can come down to 4,200. It will be difficult for Nifty to cross 4,700 now.
- Gold in the international market will once again bounce back to $ 970 per ounce & Rs.15,100 in Indian Market. But before 25th August it can slide down to $ 930 per ounce in the International Market & Rs.14, 500 in Indian Market.
- Silver will also keep on playing above $ 14 per ounce in the International Market.
- Oil can come down & touch $ 62 per barrel in the International market & can rise upto $ 72 again before 5th Sep 2009.
- Asian Market will also see some sort of volatility & can be corrected 7 % - 10 % form their present levels.
- Dollar can be strengthen compare to Rupees & I believe it can go to Rs.50 to $ 1 in Indian Market.
- Euro can slip down to 38.50 compare to $ 1 in the European Market.
- Property Market has very good chances of bouncing back & can be stable soon.
NOTE: There could be some sort of earthquake in the eastern zone or joining border countries like Bangladesh, Pakistan, Afganisthan & China & terrorist attacks can take place in India.
Disclaimer: Pt.Raj Kumar Sharma’s comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, commodity, or any kind of trade at any time. Before making any investment decisions in stock market, you confirm the facts on your own. Pt.Raj Kumar Sharma will not be responsible for any type of trade done by you. You yourself will be responsible for your own actions.
Infrastructure, Financial Institutes, Pharmaceutical & Sugar Sectors are going to have better days. Kindly go through my last month’s prediction, you will see that almost every prediction has come true. Somewhere Oil prediction has not come exactly. Here’s my astro – finance predictions.
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