Financial Astrologer Ashok Motiani feels the worst is over for the Indian stock market. He expects the market to go much higher from here on. He sees the Sensex at around 15,000-16,000 levels within four months time.
Q: Do you think worst is over?
A: Yes, the worst is over.
Q: So where do you see the market going from here?
A: I have always said the stock market is going to go down and this is the first time that I am bullish on this market. It is going to go much-much higher from here. My target for Sensex is at least 15,000 and it can go upto 16,000 and for Nifty it is more than 4,500.
Q: How soon do you see all this happening?
A: Within four months' time, latest by February. This market willstart going higher rightaway, Monday onwards, and can I recap what happened inlast 10 months. Last December, I said the market is going to decline heavilyduring the middle of July 7, 2007 especially July 15.
I was bullishfor April and till March, I was negative. Then again on May 1 on my website Iwrotethat we are heading for a bumpy ride and I indicated the market is goingto sell off. Later on May 27, I said it is going to go at 14,000 and it went to12,500 on July 15. I said in an e-mail to all my the market hasbottomed out buy it now, within a month market will be up 2,000 points andmarket went up 2,800 points within five days. On July 23, I said to sell becauseafter August 14 the market is going to go down again and on August 14, I wrotethe banks will come on an attack and there is going to be a major sell-offbetween August 15 and September 15 and so many banks collapsed inAmericaand stock market soldoff.
Then onSeptember 15, till the end of September, I was slightly bullish and I went wrongcompletely I thought the market willgo up 1,000-1,500 points but it didn’thappened and went down 1,000-points. On October 2, I send an e-mail saying thatmarket is going to decline very heavily and the worst will come that on October15 and end of November, when Nifty went to 2,500 I gave a buy call and I saidthat even if it goes to 2,200-2,300 no problem start buying good companies, youwill not be able to buy good companies again and I will announce the marketbottoming out when the time comes.
On the October26, I said that the market will either bottom out on 29 or 31 and there werethree days when the market was open 27, 29 and 31 and exactly that is what hashappened, on October 28, the US market rallied- and the market has alreadybottomed out and what we see here is little bit of ups and downs. But fromMonday onwards this market is going higher. It is possible by end of Decemberthis market is going to touch 15,000-16,000, but if not then at least 15,000definitely and we will have minor sell off and then market will again rise andwill be very bullish till February end.
Q: Could youquickly take us through the arrangement of stars, which is leading you to thiskind of prediction?
A: Everytime Isay something, I gethundreds of emails questioning me. Last timeI had saidsomething about Gurubeingvakriyaanddhanuand so manythings and the stock market has declined for so-and-so reason —there wereseveral factors, which I am not going to disclose because that is my knowledgeand I know how it works.
But the bigpicture is on December 10, Jupiter enters inMakar rashi, which is theninth houseBhagyasthanIndia’s horoscope and it will be in seventhhouse fromIndia’sChandra rashi Karkcreating a powerfulKarkrashi yog, ninth inBhagyasthanfromLagnaand seventh fromChandra.These are bullish factors. For the first time I think, the Indian stockmarket has decoupled from the rest of the world and started running upward, anystock market after that should outperform the rest of the world, even though theUSmarket is going to go higher fromhere too.
Q: Do you think worst is over?
A: Yes, the worst is over.
Q: So where do you see the market going from here?
A: I have always said the stock market is going to go down and this is the first time that I am bullish on this market. It is going to go much-much higher from here. My target for Sensex is at least 15,000 and it can go upto 16,000 and for Nifty it is more than 4,500.
Q: How soon do you see all this happening?
A: Within four months' time, latest by February. This market willstart going higher rightaway, Monday onwards, and can I recap what happened inlast 10 months. Last December, I said the market is going to decline heavilyduring the middle of July 7, 2007 especially July 15.
I was bullishfor April and till March, I was negative. Then again on May 1 on my website Iwrotethat we are heading for a bumpy ride and I indicated the market is goingto sell off. Later on May 27, I said it is going to go at 14,000 and it went to12,500 on July 15. I said in an e-mail to all my the market hasbottomed out buy it now, within a month market will be up 2,000 points andmarket went up 2,800 points within five days. On July 23, I said to sell becauseafter August 14 the market is going to go down again and on August 14, I wrotethe banks will come on an attack and there is going to be a major sell-offbetween August 15 and September 15 and so many banks collapsed inAmericaand stock market soldoff.
Then onSeptember 15, till the end of September, I was slightly bullish and I went wrongcompletely I thought the market willgo up 1,000-1,500 points but it didn’thappened and went down 1,000-points. On October 2, I send an e-mail saying thatmarket is going to decline very heavily and the worst will come that on October15 and end of November, when Nifty went to 2,500 I gave a buy call and I saidthat even if it goes to 2,200-2,300 no problem start buying good companies, youwill not be able to buy good companies again and I will announce the marketbottoming out when the time comes.
On the October26, I said that the market will either bottom out on 29 or 31 and there werethree days when the market was open 27, 29 and 31 and exactly that is what hashappened, on October 28, the US market rallied- and the market has alreadybottomed out and what we see here is little bit of ups and downs. But fromMonday onwards this market is going higher. It is possible by end of Decemberthis market is going to touch 15,000-16,000, but if not then at least 15,000definitely and we will have minor sell off and then market will again rise andwill be very bullish till February end.
Q: Could youquickly take us through the arrangement of stars, which is leading you to thiskind of prediction?
A: Everytime Isay something, I gethundreds of emails questioning me. Last timeI had saidsomething about Gurubeingvakriyaanddhanuand so manythings and the stock market has declined for so-and-so reason —there wereseveral factors, which I am not going to disclose because that is my knowledgeand I know how it works.
But the bigpicture is on December 10, Jupiter enters inMakar rashi, which is theninth houseBhagyasthanIndia’s horoscope and it will be in seventhhouse fromIndia’sChandra rashi Karkcreating a powerfulKarkrashi yog, ninth inBhagyasthanfromLagnaand seventh fromChandra.These are bullish factors. For the first time I think, the Indian stockmarket has decoupled from the rest of the world and started running upward, anystock market after that should outperform the rest of the world, even though theUSmarket is going to go higher fromhere too.
