FBM finished higher on improved technical outlook. Fbm/Fkli were firm as prices navigate in positive-bias zone following yesterday’s rebound. However, soft and directionless external factors prevent a breakout above SMA resistance.FKLI record low daily volume this year, at 4010 lot for all months.
At 1060-1070 is actually guessing game. Neither +ve ,as below SMA nor –ve as above the redline.
Technically, maybe a positive-bias one as we have to give credit to its resilient performance by regaining the red-line or 1060 – this week. This week, external negatives were a drag.
Technically, maybe a positive-bias one as we have to give credit to its resilient performance by regaining the red-line or 1060 – this week. This week, external negatives were a drag.
I think the mkt is incline to climb higher next week.
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