Wednesday, September 09, 2009

MarketWrap : winning streak ends near 1200...


A day of profit take for most mkts. A quiet day especially PM session. But price remained in positive zone. Despite strong start. Fbm succumbed to peers pressure. But fkli was surpising ly resilient and remained upbeat near 1200.

Technically, a toppish day but not major damage done. Below 1206, is deemed as a consolidation phase - 1190-1206. With the mkt still in an upward trajectory, trading sell is optional. Preferably, wait to buy at a breakout above 1206.



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