Rapidly approaching an 11K index
March 17, 2006
I missed the first half hour of the market due to my useless ISP being down. As it was up a 100 points by the time it came back on it was fine. Another day of strong buying especially in ORGYDC which closed upper cap at 144.25 for the 2nd consecutive day. There has been a rise of over 1000 points from Tuesday’s intra-day low of 9,920 to todays close of 10,951. The market seems to have risen too fast especially ORGYDC, up nearly 20 bucks from its recent low. It seems that 11k should be broken on Monday 20th and some sort of intra-day correction will follow in the next week . NBP remained lacklustre in anticipation for its announcement 2moro. Cements are still tight.
UPPER CAP : ORGYDC / POL / BOP/ BHOSRICOR / ASKARI BANK / UNBL
Market close : 10,951.08
A much better weekend ahead for all, compared to last weekend, and 2 days of peace from this crazy market. Sutta Bhai will be back on Monday.
