Friday, April 23, 2010

Fcpo wrap...dwtrend came to a halt...sideways again


After 4 day of trading at bears’ range, mkt rebounded sharply Fri on the back of SO 1% gains. Upside was pushed further by tech buying above 2500. With this, the mkt is back to its 6-week range, putting the expected 2400 target at backseat.

But still do early to assume a fresh uptrend till the mkt as least regains 2550 if not 2600. Otherwise, another #$%^ sideways scenario….

Above 2520 is a buy mkt.


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