After playing defensive in AM session, mkts lauched forward in late PM session, encouraged by DJ futs +50, HS strong bounce, from -180 to +20 despite Europe -0.5%.
Fbm did a 5p push in the preclosing stage to finished +6, at day’s high, despite mostly in –ve territory for the day.
Fkli crossed back above 1330 in late trading after fbm closing. Earlier, it was well defended within 20-25 range despite weak external factors.
Uptrend, above 7SMA, and 1350 target remains even though unlikely to see another fresh breakout this week. Above 1330 would encourage bulls activities.
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