Friday, March 11, 2011

Fcpo wrap....fresh year low in the card next week

-another tech fallout ……..in PM as global bearish sentiments overwhelm. Earlier, light profit take buy but not long, bulls take another hit as Japan’s earthquake jolts bears out of hibernation mode.

-with no recovery today, bears take full control next week. If year low’support, 3336, breaks, new lower trading band of 3150-3350 is expected. Below 3440 is super bearish

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