Thursday, October 28, 2010

Fcpo wrap..back to bullish gear...3100 top this week



A slow start but eventually tracks SO big gains in PM session. Fcpo sentiment turns +ve again after a reversal of early weakness and a climb back above 3050 on fresh buying interest betting on the next round of uptrend.

Fcpo is likely to secure a strong closing, above 3050, this week to ensure a strong start tone in Nov. To the upside , profit take is likely to limit strong gains above 3100 tomorrow.

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