Monday, May 30, 2011

Fcpo wrap...like Fkli...missing a followthrough breakout..



Steady AM but daily trend makes a U-turn in PM after CO dips under 100-mark. SO cuticuti. Toppish-outlook related selling further aggravates the situation in the last 30-mins. Not to mention, a strong RM too.

Setback yes , no major damage....yet ...as mkt remains in +ve ground. Uptrend remains intact if > 3350 this week But cautious in the coming days if < 3450 for a pullback towards its 1-mth old uptrend line.

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