Wednesday, April 27, 2011

Fkli wrap....no follow through +ve effect...

Strong reversal in PM as HS/SH dip into –ve area as fears of tightening re-surface after sharp gains in AM trades. From +1% to -0.5%. Fbm.fkli suffer selling under 1530, kneejerk near 20 but manage to regain mid grounds in the end. Technically, bulls find same toppish tone at the same resistance. A closing above 30 would ignite strong days ahead but it seems everything remains sideways.

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