Friday, March 25, 2011

FKli wrap...targeting year highs resistance...


-just maintaining a +ve posture for next week. Fbm, 6-day winning streak, cautious despite +ve external. Regional +1%, Europe +0.2%, DJ futs +30. Drag by fbm, Fkli mostly sideways near 1515 and stays premium after Europe firm start.

-looking good to test year high resistance lvl next week. Trading band is raised to 1500-1530. Above 1510 is bullish.

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