Tuesday, April 20, 2010

Fpco wrap...strong bounce also...but still downtrend


With SO leading a hand, fcpo managed to reverse some of Mon’s losses, revisited 2500 resistance on late buying activities. While short of a new fresh leg dw, the mkt remains bearish till it can regain 2500-2510 resistance lvl.

Immediate support is raised to 70 from 50. Above 90, is intra-day buy tomorrow.


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