Revival seen on Friday...Can it continue ?

Despite the best intention to revive from lower levels the trends have not been very sanguine. The repeated attempt to head higher has been met with supplies that are preventing any possible revival. The inability of the market trends to clearly indicate any direction has forced us to resort to some stock specific action. The Asian markets continue to be choppy and are now dependent on the US markets to generate some momentum.
As we now enter the expiry week the focus is now shifting to the rollover activity that shall attract some buildup as anticipation for a recovery steps up. We are through with the result season and the macro numbers that seemed to have played a part in the markets holding the decline.


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