ASI will test 10600 support again. (about next week)
Maharaja knows this support will be broken and index will fall back to 9000 area.
Maharaja's advised everyone this week to sell and keep cash. Some clients do not listen. They will be force sold again. Ex BIL at 7.00
1.) Today harbor was not fully operating because of NO fuel. Containers are not transporting goods to ports. 30% BOI factories are non operating (wathupitiwala EPZ zone). Exports will also fall due to this.
2.) Local economy is stuck. Zero/10% activity in every sector.
3.) Interest rates are also rising.
Market can only turn if Fuel Problem is sorted.
Do not go behind HNWI tweets and get stuck. We see their activity before you. They sold their credit during 400+ 500+ points green days.
Clear credit immediately. Cash portfolios - keep holding.