Funds' buying continued to boost stocks. The underlying tone of the market is still firm. The market may consolidate at around the 15,300 level before gaining momentum to advance further. |
Momentum weakened a little bit as we saw a slower flow of funds into the market. But we are cautiously optimistic with strong support seen at the 15,200 level. |
Strong profit-taking interest emerged in late trade following the recent window-dressing buying. The momentum was not strong enough to sustain the recent gains. |
This is seen as a high-risk venture. |