Astrologers have predicted that the coming year will bring extreme volatility in the domestic equity market.
Due to Prime Minister's note ban, things will be sombre than 2016 in 2017. The markets is likely continue show bearish trend with very limited upside to benchmark equity indices.
"The global economy could remain turbulent with the stock indices swinging crazily both ways. For India, it will trying times. "The tough times for India post notebandi may continue till August 2018, as we are about to enter our 71st year of Independence Celebrity Astro-Numerologist Sanjay B Jumaani said.
Commenting further on demonetisation the astrologer said that the number 71= 8 belongs to Saturn (Shani), who is known to be the lord of trials. To boot, even the demonetisation announcement came at 8 pm on an 8th day, November 8 to be precise.
"But going through the trials, Saturn can compensate well too. Our 72nd year shall be far better, can even be a landmark year as 3,6,9 are a family and India adds to 3 and Bharat 6," Jumaani further said.
The astrologer also suggested that yellow, brown, gold and orange would be lucky colours in the year 2017.
So all in all the year 2017 does not seem good for many investments, so astrologists recommending to stay away from too many investments in the year.