Monday, April 06, 2009

FKLI : Recap 912.5/928.0/912.5/926.5/+16.5


DJ futs +33. Regional up 1% led by HS +3% on banking stock rally.


Cash 923.77/+16.76, making a 5-day winning streak of 54p.


Despite some sign of a pullback, it did not materialise. FKLI found bargain hunting power in the last hour of trading. It reversed Friday's toppishness and back to bullish sign. Above 928, the year highest closing, is immediate buy targeting year high of 942.5.


Keen sellers would need to scan for intra-day sell signal if market trades higher. Daily remains positve above 916.

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