Friday, March 18, 2011

FKli wrap...more upside next week...

equity +ve as Japan nuclear crisis see +ve development. Power restores to reactors. Plus, G7 concerted effort to help Japan “yen-selling” spree also boost sentiment

-Fbm +ve but cautious all day b4 a preclosing phase push above 1500, from 1497 to 1503. Mostly 1495-96.

-fkli near 1500 in opening trades and after 5pm trades. In and out of 1495 in between

-technically +ve with more upside seen next week , targeting the upper band of recent trading range. With 1470-1480 well supported and a strong closing this week, it reinforces almost a 3-month old 1480-1520 range yet again.

-Above , 1490 +ve week ahead.

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