Wednesday, January 27, 2010

Fcpo wrap..boring...manage to hold above 2400


-fcpo mostly moved within a neutral band, Survived a technical attempt at 2400
on buybacks, thanks to soyoil firmer tone throughout the day. While vol remains strong mostly range-bund play with “+ve soyoil vs. –ve equity” tone.- so quite boring actually

-so no major breakthrough today technically speaking. a wait-n-see attitude. But remains downward-bias, because below 2450, just missing a bearish closing below 2400 today.




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