The three major US markets simultaneously rose slightly at the close of trading (02/06). The gains were led by the energy sector which was driven by rising oil prices; amid optimism of rising demand. Investors will also be anticipating May employment data due this week.

Domestically, JCI has continued its upward trend for the last 5 days, which was marked by rally in 10 of the 11 sectors. Indications of economic recovery are increasingly visible in the Manufacturing and Inflation PMI data, which shows a rise. JCI will try to maintain positive momentum with a projected range of movement at 6,000 – 6,110.

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