Another bearish day on follow through selling. Cash already lost 31p over 4 days while FKLI lost 33p over 5 days. Both ventured into oversold territory. Being Friday’s, players should engage sell-on-weakness with much care tomorrow. Below 830 may not be a good idea for fear of a rebound towards the pink-line if correction does happen as 830 is critical support lvl. Tomorrow, selling activity is more for intra-day players.A breakdown below 830 will drive the mkt towards a new leg down 800 but a safer bet for next week action
Immediate resistance remains at 850-pink line
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