BEJAB DARUWAL FORCASTS MARKETS SAMVAT 2066
OCT 2009 TO 0CT 2010

1. Do the stars suggest that global economy is out of recession?

The global economy is not completely out of recession. The recession started in January 2008 and now we can safely say that the the worst is over. However the recovery will still take a long time and there are a few patches of turbulent times before the economy will fully recovers. I presume that the world economy will be out of the blues by 2011.

2. How does the current financial year look like?

There will be a correction around the second half of October, 2009 after which the market will be somewhat afloat. I foresee a correction once again in the second and third week of January, 2010 (around the period of Makar Shankaranti) and the markets position will be very crucial during the first half of April 2010. During the first 20 days of May, 2010 the market breadth will be negative wherein the market will seem healthy however these may be false sentiments. The market will show a negative trend during the last quarter of 2010 creating a panic amongst the investors. In short if we are to summarise:

After 17 October 2009: Correction05
01-2010 to 21-01-2010: Correction
02/04/2010 TO 16/04/2010: Very Crucial
02/05/2010 TO 19/05/2010: Market breadth negative
30/09/2010 TO 01/11/2010: Negative trend
07/12/2010 TO 31/12/2010: Panic amongst investor

3. What is the maximum level you see the Sensex and Nifty touching this financial year?
Sensex: Maximum 18500 and Minimum 13200Nifty: Maximum 5500 and Minimum 3900

4. And where do you see the indices 5 years from now?
Sensex will touch 50,000 mark

5. Which sectors according to you would be among the best performers?
Pharmaceutical
Energy
Banking
FMCG
Media

6. What is your take on sectors like realty and retail that have taken a beating?
Mars, the karaka planet for realty was is in Gemini till 5th October which is an inimical house and then transits to Cancer on 06th October which is its fall sign. Similarly Venus, the karaka planet for Retail is in Leo till 10th October2009 which is its inimical house after which it will transit to Virgo, which is its fall sign. Hence these two sectors have been afflicted and are bound to remain so in the next year.

7. Since equity markets are improving do you think commodity markets will maintain their upward trend?
Yes

8. What is the future of gold and crude oil?
The future of Gold is bright and the range that I foresee would be between Rs 14500/- to Rs 17500/- per 10 grams while that of Crude will be highly fluctuating but range bound. Both will bear good returns over long range investments.

9. Do you foresee the recurrence of another financial crisis?
Refer my answer for question 1

10.Do you see India as a super power among global economies?
No