FKLI finished at lower ranges but a positive candle…confusing! Losses limited on anticipation for a rebound in US mkt tonight. DJ was +80. Not enuf to reverse the bearish trend tough, still very much a bear mkt.Today’s action indicates mkt may pause first before resuming a fresh leg down. So, position-sell-on-weakness below 856 or sit at the sidelines and see how much the mkt wants to bounce.
Trading-buy if mkt can regain 870 resistance. Otherwise, no point doing range bound trade.
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