MarketWrap: neutral day....toppish but resilient..

Regional strong but fbm did not react External serves only as a support instead of a push Fbm minus throughout and in the case of saving the best for last, its only +ve data for the day came with the closing data.

But, chart toppish outlook at 1160 for four consecutive days data. Ironically, also 4-day wining streak, worth 20 points. Imagine the range !


Fkli upbeat-ness was dampened by fbm. But sellers sidelined amid strong regional mkts. July09 rocks back n forth in a “see how tomorrow” sentiment. Dreadfully dull.

Watch out for 1150-1160 breakout again, especially fbm. 7SMA is catching up fast so there is no room for more dilly-dally – either a breakout towards 1200 or a pullback toward 1140.