ASI Today - 16.10.2017

ASI took a breather. As I expected the Banking index pulled Back. That was nothing extra-ordinary. All 3 big banks rallied non-stop, hence a cooling off. With the Banks pulling back the momentum of the Plantation Companies saw another day of consolidation. This sector too needed this break. My charts tell me that this is a healthy development.(Remember your chart is yours, and mine's mine. Better get that Straight)
T/O as well as Trades decreased. The most noticeable counters that ended positively were RICH and DIAL. Both had active trading. Expect the momentum to build up on RICH in particular, whilst DIAL needs to be seen.

Amidst the pullback Counters that were actively traded in the Banking and Plantation Sectors, will get busy once again. Simply because of positive quarterly results. Don't ignore and be upset when they are falling. Keep collecting, as the Short Term returns look promising for them.