Monday, July 25, 2011

Fkli wrap...last week's rebound course ends eruptly



Equity cautious amid US debt gridlock. All start near -1% and stay stagnant for most of the day.

Bad news for fkli bulls as both fbm.fkli dip back in –ve territory, failing to extend last week’s rebound mode. A fresh low tomorrow could well see a resumption of its dwtrend for 40-60 play in the coming days.


Below 1560 is bearish week.

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