Negative tone continues as mkt fails to hold, despite attempts, amid very weak external factors. Fkli saw selling from 50 to 45 after seeing fbm finished below 50 lvl.Yellow support broken, tomorrow target is blue support, possibly green too. Immediate resistance is lowered to 57++. Anything below, don’t go long this week. Wait and pray - means downside is seen limited but without strong external positives and local bulls disheartening, the mkt will shift to boringdation band.- rough ride with many insignificant, maybe false,signals
Will see how the mkt develop as the recent uptrend is now put to a halt. This is a near term sell within a long term uptrend mkt
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