Monday, November 08, 2010

Fkli wrap...gap-up gain but weak follow through


Both gap-up opening but fbm more +ve than fkli. While fbm just few points shy of record lvl, fkli reluctant to take premium stance and just stuck within 20-25 range. Sideways tone for most of the day. Sellstop hit in late PM session, from 1419.5 to 1417.5.- the only major move after early opening gap-up.

Technically, fkli is bullish if above 20, targeting record high. Support is raised to 1513-15.

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