Thursday, October 01, 2009

MarketWrap : dark clouds moving away....



Generally, upbeat as fbm headed towards its immediate resistance lvl, 1210. Fkli more upbeat – at least till 4.50 pm. It finished off highs for a lack of fbm’s “ push up” A quiet day.

No cheers for bulls yet. What the mkt needs is another strong opening tomorrow – that could tilt the tide to bulls favor.

As for selling, opt for below blue line/14SMA.

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