ASI Today - 17.10.2017

Market looked big today with 3 big crossings. Largest being the sale of the controlling stake of EAST, which was 63.91% or 88,345,235 shares of the Company. This deal brought in a T/O of 1095.5 M Rupees. The next 2 being COMB and CCS, adding another 488.9 M Rupees. The rest of the market chipped in with a T/O of 308.8 M.

The ASI shed another 23.89 points. It has now shed 76 points from it's swing high of 6648 points. The ASI rested nicely on the 100 sma today. But may not be for long. However 100sma is an important worm to look at.

Traders still have room to get busy on plantations, and expected growth stories on a few other counters. We witnessed robust collection on those counters.

Needless to mention the stocks that have gathered in steam at present as I have shared them in my previous post captioned " Stocks that are gathering momentum", will reward you, if you are bold enough to dabble in them.

It is highly advisable to accumulate the counters that can show growth, which are in plenty these days. Particularly when the market is in a pullback. That will be the only time you could do so.

The CSE will be on holiday tomorrow O/A Deepavali Festival.