Fbm missed the chance to test 70 and did not initiate positive move like its peer. Maybe local funds take profit after budget. This conflicting signal again put fkli in a tight spot for most of the day, at least till 4.30. Thenafter, fkli gather enough courage to make “small” premium on the back of Europe/DJ futs strength. Fbm a big drag today but very slow n quiet day.Below 70 is deemed consolidating with downward pressure but is likely to stay above 50 this week. 70 is blurring still “visible” with glasses. No hurry to go fresh long in Nov if mkt stays below 70 as risk of a greater pullback, towards green line, grows over time.
For long, like myself, lets pray that we will see a breakout of 70 by the end of this week
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