Monday, November 16, 2009

FKLI : technically bullish...above 80


Mkt is likely to stay firm, meaning triangle zone, if no further fresh bullish breakout 86.5. For Tues's trading, above 80 is a strong buy. Seller should probably take a day off first as Mon's action reinforces 1300 outlook.
In terms on relationship, fbm above 73 = fkli near 80 Fbm above 80 = fkli 85-90
Short term long's stop is raised again to 70 from 60.

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