ASI can reach 7160, must hold 6378

There is nothing much going on these days in the Market. The sentiments are not so great and the confidence level is down, hence trader activity levels are at record lows. Amidst the negativity the fundamental's of the large and prominent companies are improving and continue to create more wealth and higher Nett Asset Values. The pessimism is allowing many investors to grab stocks which will make their investments worth in the Long Run. ASI had an above normal spike on the 2nd instant, with a rise of 34 points. This had paved the way for the index to stay above 6400 points. Holding above 6378 points is critical in the Short Term. The momentum suggest a slow uptrend to test 7160 points in the next 6 -12 months, with an overshoot to 7395 and 7700. A lot of individuals prefer to make quick money though they know that quick money do not come by all the time. An approach of shopping for bargains will certainly make ones efforts rewarding. But it is only for those who would have more knowledge than greed.