Regional moved south in the afternoon as rumors of BoA selling its stake in CCB after the lock up period that expire last week, dampening HS and SH markets.Dj futs -80. NK +19p HS-300p
Cash 1025.5/-1. Flat, toppish but no major damage yet, above 1020.
FKLI profit taking was more extensive and significantly dipped below 7SMA. Immediate tone is "pullback' towards 1K if mkt opens soft tomorrow. To reverse this, the mkt needs to regain 1032. In the meantime, the Q is whether the recent long term uptrend will remain intact.
Below 1032, near-term sell.
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