ASI - 7000 points before the year end.

Bullish expectations emanating from all around has contributed in pushing the ASI above 6500 points. The next stop will be 6715, and after then 6908, with that we would go back again to where we started in the beginning of this year. I expect a major correction of more than 200 points only when we come to the beginning of June. This would happen only if we have moved up super fast to 6900 before then. Within the the rally there are pit stops, but they may not be so great, because the present market is ONLY sentiment driven and not anything about the good profit and growth stories that would come from the Listed companies. However the COUNTERS WILL REALLY ROCK IF WE GET THE BOOST FROM THOSE INDIVIDUAL STOCKS.  ALSO WHEN WE SEE POSITIVE DEVELOPMENTS IN MANY SECTORS LIKE THE BANKS, MANUFACTURING AND DIVERSIFIED SECTORS EXPECT THE YEAR TO CLOSE ABOVE 7500 POINTS.

At any rate I firmly believe that the market is gonna close in and around 7000 points before the close of 2016, based on positive sentiments only.

Just like anybody I want to see the bigger counters deliver. This makes me feel that the market will end up around the said 7000 mark, as these major counters will not see big buying to really power boost them up. As these counters have been hammered for more than a year now, any big buying can help them and help us too.

I also believe that the GOSL must make things easier for the Economy to roll, which is the feeling many want to now slowly have. But given the KNEE JERKS the business society is encountering, the belief that this is really the case will take time. If things are really happening then this market is gonna be active beyond imagination. THIS IS MY YEARNING HOPE.