1.) T-bill rates are falling
2.) Rupee stable
3.) Big Foreign inflows continue to CSE. Now 17 Bn for the year !!
4.) 1.5 Bn Bond issue ( we got 11 Bn offer = confidence in economy )
5.) IMF Loan confirmed in next month
6.) Central bank rates keep rates without increase
7.) GSP+ confirmed
ASI will cross 7000 sure.
I feel it will reach ASI 7300 points with foreign buying trend. ( my prediction )
There are some people in market who did not catch shares, they always blame us and talk negative.
I remember I predicted BFN rally and everyone got a profit. Now since collection is over the next rally to 20+ will begin, positive traders can join.
Do your own analysis and see before you buy.
BFN NAV is 17+ share can trade near Rs.30/- with ASI going towards 7000.