Fkli closed at the high following a jump from 1061 to 1064 in the preclosing phase, no signifcant event.
Rebound after 4-day of losses but gains were mild as negative sentiment still prevails. Its too early to expect the mkt to reverse this week downtrend tone in the coming days. Unless a big boost from overseas mkt, our mkt is seen consolidating within 1050-1070 neutral range at best while the danger of a fresh legdown looms unless the mkt crosses above 1070.
If 1050 breaks next week, brace for another sell down. Longs can only breath easier if mkt crosses above 1070. Hopefully, DJ will gain tonight and provide some follow through.
If 1050 breaks next week, brace for another sell down. Longs can only breath easier if mkt crosses above 1070. Hopefully, DJ will gain tonight and provide some follow through.
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