Tuesday, March 02, 2010

Fkli wrap...winning streak continues..preclosing push of 2p









Steady despite profit take pressure since 11.00 am. Flat in afternoon. Fbm.fkli extends gains but did not make fresh bullish like yesterday. Fbm.fkli now at double-top scenario, maybe a breakout above 1288 or 1290 tomorrow would do the 1300-trick.

Regional mostly lower today. While Europeans shares fare better, +0.5%. DJ futs -6.

Technically, regaining 1290 resistance could see mkt hitting 1300. While above 85 is bullish, profit taking concern looms unless the mkt extends its upside. Immediate support is raised to 85 while trend-support is raised to 76 from 70.





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