Monday, April 18, 2011

Fkli wrap....steady but breakdw danger looms...

Strong start after Swak election, comforting note that BN regains 2/3 majority. But, prices sharply off highs on weak tone in PM on HS/DJ cue, banking stocks weak as fear of rising R% emerges. No breakdw today is already a plus for bulls, 20-40 is range trading. Short term dwtrend continues till mkt recaptures 40 resistance.

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