Wednesday, January 26, 2011

Fkli wrap..happy ending for bulls...can expect more bounce..



-sharply off lows thanks to huge kneejerk under 1520 in early trading, giving the impression of strong bargain at the lower end. Crazy swing in the first 10mins or so, then recovery tone, with the help of stronger external.

-HS +50, SH +1%, DJ futs +30, Europe +1% in late Asian hours, encourage fkli to do premium despite fbm 20-toppish outlook in PM session.

-tech remains bearish but further bounce likely in the coming days if can sustain > 20, targeting 1540+

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