Looking at the last month, gold sentiment indeed is lower with 56% of investors recommending sell rating on the yellow metal. It will continue to go down and overall 2015 returns on gold are predicted to be negative. The stock markets were choppy and Nifty showed signs of a head and shoulders pattern by 14th of Jan. On 15th Jan, it opened with a bang because of rate cut.
Profit taking was indeed prevalent analysts all over recommended bargain hunting. Where I went wrong is the rally for metals. There was no uptrend and in fact metals are tanking across the board based on global cues.
Coming to February 2015, the overall trends are described here. Markets will come out of chaos by 2nd week of Feb and will settle down. However, astrologically speaking, a trend changing event should be expected again in first week of Feb and also around Feb 17th/18th.
Uptrend will be seen in the areas of auto stocks. It is likely that real estate will continue to be strong. After 2nd week, strong uptrend is expected in premium builders in this segment. Hotels/Hospitality, textiles will also go up. Investment should be made in non-PSU banks.
PSUs all across the board will be under pressure. S&P PSU index has not done well for past six months and is also not likely to do well at least till Mesha Sankranti. During the first week, week and a half, this index will be down. Then it will continue to be flat for the rest of the month.
Oil prices, which have been battered in the past few months, will start showing an uptrend from Feb 2nd week onwards. The oil refining and marketing companies have not passed on the benefit of lower prices to the consumers and have constantly focused on improving their balance sheet. Their stock is also likely to show upturn.
It will be good to keep an eye on Chemical (e.g. Tata Chemicals, Pidilite), Healthcare & Pharmaceutical stocks and purchase them on appropriate indicators. They will also show uptrends and are medium term bets. You can buy on technical indicators after Feb 2nd week and sell in April end. Continuing from last month, metals: aluminum, iron & steel, cement, leather, casting & forging stock should be watched carefully and should be purchased on appropriate indicators. There will be strong uptrend in this sector.
About IT stocks like Infosys and TCS, I will watch the trend for couple of days during the end of the month of January and update this article. There is too much information at this time to ascertain the direction. If you were to ask me now, I would just be able to say that IT index would be choppy.
Disclaimer: The stock market and commodities 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 purely 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 and commodities 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.
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Is there any book available for Financial astroloy ? If yes could you please mail me the name or please tell me how to start learning it.
Vyapar Ratna by Pt. Hardev Sharma Trivedi is a great book. It explains all the scenarios in a simple language.
Thanks Kshitij for the reply, any other material do you recommend for financial astrology?
Actually not at this moment. All the other texts that I have found on this – articles, notes are based on this one book. In addition, knowledge of basic mundane astrology and Sarvatobhadra chakra is important.
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