Tuesday, December 28, 2010

Fkli wrap... action limited to 9.45-10.00 AM ..tech bull


Strong first half of AM session, the rest flat but steady on earlier momentum. Banking stocks jump but regional weak, -1% on financial stocks. Fkli hit record high on buystop domino effect, from 22 to 46. Mostly 25 thereafter.

Above 20 is fresh bullish tone. Next waiting for fbm turn. Internal upbeat mode. Trading range is seen within 10-30 and support is raised to 13 from 10.

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