Thursday, March 03, 2011

Fcpo wrap....profit take as CO off highs


-profit take activities cap fcpo upside near 3600. Chances are more pullback tomorrow towards 3550 lvl while maintaining a +ve posture for next week, 3600-3800.

-likely short of a reversal scenario this week, further upward, 3650-3700, tone would attract profit take sell tomorrow. But, bulls operation is in the picture if mkt stays above 3500. Therefore, mkt is entertaining a possible re-visit towards 3800 again
-above 7SMA is bullish

No comments:

Post a Comment