DJ futs closed. HS closed. China stocks led a 2-3% gains. NK +48/+0.5%
Cash new year-high at 942.4. Closed at 941.38/+24/2.6% matching DJ Thu’s gains. Strong volumes too.
FKLI new year-high at 946.5. Closed at 946.0/+20/+2%
Cash new year-high at 942.4. Closed at 941.38/+24/2.6% matching DJ Thu’s gains. Strong volumes too.
FKLI new year-high at 946.5. Closed at 946.0/+20/+2%
A bullish day on follow through and short covering amid strong outside factors, DJ above 8000 mark. Both cash and FKLI experienced technical breakout. The next target is seen at 970-985
band if market break new high again.
At mom no sell signal, have to wait for intra-day first on Monday. with the mkt treading higher, shorts are advised to get out if 950 round figure resistrance break or carry your risk all the way to 970++. S ell-on-weakness, if any, for a pullback if 940 fails to hold, targeting 7SMA.
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