Thursday, April 28, 2011

Fcpo wrap....sideways after follow though selling in PM

Early gains on profit take buying on SO strength but fails to sustain upward momentum as selling emerges in PM after SO off highs of +1%. Tehcnically, not much today as price remains within Wed's ranges. Below 3300 is -ve with fresh -ve tomorrow if 3380 is breached. No major reversal seen till fcpo regains 3350 resistance.


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