MarketWrap : mixed....Fkli late profit taking ..

A solid performance from Klci despite not so rosy external factors. The wake-up call was at 3.40 pm, when Klci saw strong buying interest among financial stocks. FKLI hit 1091.5 on buystops, but zero follow through as it was wary of a lack of HS’s positive. Also, volumes were extremely low. FKLI dipped to 1083.5 from 1086 in the perclosing phase on mkt orders.

Regional mixed without much direction, staying close to “0”. NK just a tad off 10k after few failed attempts. Like DJ, HS also saw bargains on the downside. Crude oil hit $72, a first this
year.

Technically, no follow thorugh and stuck in a neutral range. If 1080-1086 range , stay out. For intra-daytrades, a breakout strategy is preffered tomorrow.