Just like yesterday, the alarm clock was set to 3.40pm! Mkt got a wake up call after European/DJ futs produced a strong show as opposed to lackluster regional bourses, with the exception of Shanghai. Fkli saw stops triggered above 1076 and triggered renewed buying interest. Intra-day tone turned +ve after 4.00pm Later, klci played catching up and plus a final push of 5p in the preclosing phase.
Fkli looks very strong technically after today’s action but klci failed to make strong impression, consolidating wthin 1070-1080 for the past 4 days. So, do watch out for a breakout.
Another face-off with 1090 resistance after multiple failed attempts…..6 to be exact. "i want to sell bacause i think its too high" sentiment above 1090 is a big risk for this round. Sell on weakness after a strength is over and done with, if any.
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