Tuesday, October 13, 2009

MarketWrap : dangerously toppish



Fkli recorded record low volumes as fbm stubbornness to move discouraged buying despite strong regional. Mkt seemed cautious, waiting for US clues. But, the lack of activity in fbm is mystifying.

A day that has little significant, range bound and no breakthrough. Be patience for a breakout strategy of 30-40 band. Wishing for upper breakout, though
Sentiment is negative if mkts stay below 1240.


No comments:

Post a Comment