Wednesday, July 28, 2010

Fkli wrap..no direction still...>50 uptrend intact..





Another sluggish day with familiar ranges…just missed hitting new year highs. Outright vol thin, 75% roll-over vol.

Mostly softer AM session, Fbm.fkli gained momentum in PM start as regional posted strong gains after lunch break.. NK and SH lead, financials strong. However fbm.fkli failed to clear year high resistance but firm at positive zone. Still, cautious towards the end of the day

Technically, fkli not much changes but bulls can take comfort from fbm +ve candle today, eyeing 60 already? To maintain it current trend, both must stay above 1350, for a strong start in Aug.

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