Monday, July 25, 2011

Fcpo wrap...last week 's effort down the drain...



Weak equity and SO tone pull fcpo back into tech –ve territory. Instead of a breakout towards 3200, mkt is likely to struggle for upside momentum again.

3080-3120 is sideways. And lower range with fresh -ves if 3080 breaks tomorrow and –ve play for the week thereafter. Mkt must regains 3120 to bring back bulls.

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