Stock Market Forecast: October 2014

This is an attempt at predicting India stock market by looking purely at astrology principles. For the month of October 2014, the following sectors will be in play:

• Stock Market to be range bound and slow from September last week onwards
• From first week of October, after markets reopen after Gandhi Jayanti and Vijaya-dashmi, rumours will rule the market and general common sense will not prevail. This will go on till the last week of October. Thereafter, markets to be slow till end of October.

• Reliance Industries Limited will continue to fall through middle of October. Thereafter, it will bottom out. It is likely to post good results and start on an uptrend.
• From September last week onwards, the following sectors will come under pressure:
  • Banking
  • FMCG & Paints
  • IT Sector stocks – e.g. Infosys

Update on 7th October: It would be interesting to note the news item in moneycontrol website today – http://www.moneycontrol.com/news/local-markets/global-jitters-drag-sensex-296-pts-nifty-closes-below-7900_1197639.html. Please pay attention to the terms used in the chart, when the market  opened for trade today after a long weekend.

• jitters
• fears of US rate hike dampened sentiment across the globe.
• fall in capital goods, metals, healthcare, and banking and financials stocks.
• putting doubts
• cautious and wait as this correction may deepen further

At the market close on 7th Oct, Infy is down 2%, Asian Paints is down a bit. Berger is bucking the trend and is up. I will be studying this stock a bit later. As of now, looks like a rally in Berger, but will not last. Berger will be back to the September last week levels by the time the month is over.

Disclaimer: The stock market predictions made on this page and website are for informational purposes only. These may never be treated as recommendations to anyone to purchase any specific shares or futures/options. These predictions are based only on Vedic Astrology principles and their accuracy is not guaranteed. These predictions may prove to be completely unrelated to what is happening in the stock market. These may be followed by the reader of this column/website solely at his/her own risk. This website, astrologers and the author(s) of this column refuse all liability and responsibility for losses made by the persons after going through this column. They may or may not have any positions in the shares and sectors indicated in this blog and it in no way influences the overall points mentioned here.