Monday, November 29, 2010

Fkli wrap...major bounce after Fri's selloff...


First 30 mins of selling in fbm, probably kwailow. Thereafter , fbm.fkli recovery tone and surge higher into +ve territory in PM session as players takes Ireland bailout on positive note, taking cue from Europe +1% gains. Dj futs +80. Regional mostly higher in PM, HS +300.
Technically, another big scare for bulls as 1480 was breached in early trades. Strong bounce today but fkli remains sideways zone and must fight back above 1500 to convince fresh bulls.

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