Tuesday, August 09, 2011

Fcpo wrap.. further weakness seen..




Another day under 3000 means more bad news for bulls . Mkt is seen heading for 2850-2900 before bottoming out, this week.

Rebound tone in PM fail to clear 3000 mark and mostly stagnant near 2950 after that. Like yesterday, late selling activities - to be exact last 20 seconds today – pull fcpo to intra day low from 2950 to 2920

Below 3000 is super bearish.

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