Friday, May 29, 2009

FKLI Trading : long again....


Fkli finished higher on "fresh" positive event fron the regional side. ( see MarketWrap) Short covering followed by renewed technical buying pushed fkli to finish at +ve territory again after a minor setback yesterday.
Basically, technical outlook remains the same as at the start of the week- Positve to potential bullish. Hopefully, this time we will see 1070-1100 upper range and not consolidating stuff that is difficult to trade.

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