Friday, January 28, 2011

Fkli wrap...fear of breakdw prevails.....tech -ve 2nd week

-bearish finish on late selling activities as DJ futs -20 , Europe -1%. Regional also weak and very cautious from get go following a sharp drop in energy/metal prices.

-back home, technically below 1520 means 1490-1500 short term target. Fkli fails to reverse previous week momentum and a closing under 20 for the week means another leg dw.

-fbm resilient but bearish till it regains back above 1530.

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