DJ futs –50p. Regional mixed, all off thier days low.Cash 919.84/-4p, above 920 was just a joke.
Despite early selling pressure, FKLI reversed it intra-day sell signal in the final hours of trading. Besides regional strong, I suspect the market is pricing in the possibility of BN’s strong victory in today’s by-election.
Basically, chart outlook remains the same as Monday, high and low almost identical, with a weakening momentum but no pullback phase yet and plan for a run towards year-high remains.
Technically, since the market stuck inside 912.5-928 range for 2 days, go for breakout strategy. Upside arrow points to the year high levels
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