ASI - Will the momentum continue?

There were 2 highlights in the market behaviour during the week i.e. JKH moving up 6 rupees with higher volumes, and a noteworthy foreign buying linked to JKH. Positive credit rating by fitch could help the bulls, just as the Bears were when fitch gave Negative credit ratings. The way JKH performed we could see a reversal during next week, before it happens we may see it notching up another 2 to 3 rupees. Above 149 many will queue up to sell at 150. Hitting 149 would be a good return if you bought between 137.50 and 140. The way JKH goes will make the ASI to go, unless we see some action from some other heavy weights. MELS could be one, as it has a momentum, and a strong weight in the make up of the ASI. 6063 support needs to be respected in the short term. Let's hope for the best.......