ASI - Reversed, but has a long way to go

Index got battered over the last 2 days bringing it way down to 6065 points. Today's recovery was a sigh to be relieved. But there is a long way to go. We need to see atleast the 9,20 and 50 SMA's broken out, which are pathetically seem like hard to come by. As such it is not so easy to convince traders to get busy anytime soon. However the savvy Trader who are habitually trade are in the game, but not at large. JKH and some other heavy weights did the Trick as expected, but one of the SL20 counters i.e. LION.N.0000 became a spoil sport when it was dragged down Rs. 54.50 sending the ASI to the red for a few minutes. Nevertheless the Bulls on JKH in particular made sure that the ASI would close a sizable 24.7 points to close at 6093 points. It is certainly a day to day watch as nothing is certain elsewhere in the Country.