Tuesday, July 20, 2010

Fcpo wrap...profit take...critical support 2410-20


Fcpo snapped a 8-day winning streak in what seen as a healthy pullback. Initially toppish, followed by round of selling in late trading after it dipped into –ve territory., < 2335.

Bullish zone line is 2410-20. Bulls will have tough time if SO does not recover tonight. Trading sell if mkt stays below 2450, targeting 2400-2450.


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