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Looking at the positive information and the empowerment of BOP due to low global oil prices which in case increase the profitability of CPC helping them to deleverage, we can come to a conclusion that yesterday's rally was not just an illusionist or fake unlike what we had in the past. appreciation of the rupee and more expectations of Foreign inflows luckily this week or next and the release of sarath fonseka thanks to international pressure will possibly cause the long awaited market uptrend.
Most investors will tend to keep their hands off these rally's since in the past we saw that when market was up in such a way futures remained bearish. But this time we should take into consideration that the upward trend was seen due to many positive factors. lets keep our fingers crossed and hope that government wont do any foolish move to dampen the confidence of investors and positive will prolong if the SEC can penalize the wrongdoers of the controversial deal (NSB-TFC).
Most investors will tend to keep their hands off these rally's since in the past we saw that when market was up in such a way futures remained bearish. But this time we should take into consideration that the upward trend was seen due to many positive factors. lets keep our fingers crossed and hope that government wont do any foolish move to dampen the confidence of investors and positive will prolong if the SEC can penalize the wrongdoers of the controversial deal (NSB-TFC).
