After early selloff, mkt cautious for most AM session and firmer in PM session despite Europe -0.5%. Positive signals include DJ futs +50 and SH +1% gains. While fbm mostly sluggish for the day, near 85 for top end, fkli tried for gap closing near at 96. But heavy above on fbm drag.
Technically , with 1290 3-mth support taken out, the next target is 1250. Therefore if 1280 breaks on Mon, another round of selling is expected. Otherwise can expect some bounce first towards 7 SMA. Short term stays -ve if not bearish.
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